News
FX & Money Markets
Post-Election Market Rally: USD Appreciation and Central Bank Rate Cuts
By Sal Provenzano
18 Nov 2024
Interest Rate Derivatives
Interest Rate Derivatives Updates: November 2024
By Jessica Kalaria
13 Nov 2024
Business update
Ian Sams Appointed as Global Head of Product at TraditionData
By TraditionData
7 Nov 2024
Market Data
Tradition Extends Outperformance in October 2024
By Ian Sams
5 Nov 2024
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The Australian Overnight Index Average (AONIA) rate is a widely used benchmark for overnight money market interest rates in Australia. As a financial reference rate, AONIA provides a reliable and transparent alternative to traditional benchmark rates such as LIBOR.
AONIA is calculated daily by the Reserve Bank of Australia and is based on actual market transactions. The rate is designed to reflect the average overnight money market interest rate in Australia and is used by financial services professionals to price a variety of financial products and instruments.
Key features of AONIA include;
Pricing financial products and instruments
Determining interest rates for loans and mortgages
Calculating returns on investment portfolios
Evaluating the performance of financial investments.
TraditionData’s SOFR packages provide the most robust, comprehensive and accurate view of the American Markets.
Insight
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27 Jul 2023
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Rates market turmoil boosts demand for modelled LIBOR alternatives
17 May 2023