Page 4 - Mark Howarth News Today

The SARS-CoV-2 virus that is causing the COVID-19 pandemic is just one of many different viruses in the coronavirus family. Many of these are circulating...

Now the Financial Conduct Authority (FCA) has given Skytra “benchmark administrator” (BA) status for the product. This means customers will now be able to use the benchmarks to price derivative contracts, providing an hedging solution to protect against revenue volatility. These contracts will at first be traded in over-the-counter markets, facilitated by banks and brokers. Skytra chief executive Mark Howarth said the pandemic had proved how important it was for airlines to be able to hedg...