ICE wins mandate for ISDAFIX

ICE has won a fresh benchmark mandate to go with its new responsibilities for Libor. The International Swaps and Derivatives Association said yesterday it has selected ICE Benchmark Administration (IBA) to run its ISDAFIX benchmark, which is being investigated over alleged rigging.

IBA is part of the ICE exchanges group that owns NYSE Euronext. The company took over administrating the London Interbank Offered Rate in February.