Historical spreads hero

Generally, our spreads are reflective of underlying market liquidity*. Using the chart below you can see how our spreads change over time as a result of changes in the underlying markets.

Select your asset class and instrument, then use the slider below the chart to zoom in or select a time range.

You can view an average, minimum and maximum spread calculated over 15-minute time intervals. As you zoom out, the time intervals will increase in size.

Smart answers to common questions

Why are the rates changing?

Regulators have expressed concerns about the reliability and sustainability of IBORs. Stringent liquidity rules brought on by the 2008 financial crisis, coupled with LIBOR’s loss of credibility due to scandals and its part in the crisis, saw IBORs becoming less attractive for short-term, unsecured interbank lending. This led to a significant decline in the interbank unsecured funding markets in the last decade, as well as a lack of liquidity - leading to a market which is not adequately representative. This prompted regulators to shift their preference towards Alternative Reference Rates (ARRs).