SOFR Academy Expands Global Access to USD AXI and FXI Benchmark Credit Spread Data Across One Million+ Terminals, Advancing Market Transparency and Financial Stability.
Benchmarks now available on Bloomberg, LSEG Data & Analytics, and Wind Financial Information LLC, supporting adoption of IOSCO-aligned credit spreads
New York, NY — September 8, 2025 — SOFR Academy, Inc., a financial engineering firm advancing market-aligned credit spread benchmarks, today announced that its benchmark credit spread indices—the USD Across-the-Curve Credit Spread Index™ (AXI™) and the USD Financial Conditions Credit Spread Index™ (FXI™)—are now available through more than one million terminals and distribution endpoints globally, including Bloomberg, LSEG Data & Analytics, and Wind Financial Information LLC.
This milestone not only enhances global market access but also represents an important step in strengthening financial stability by providing market participants, policymakers, and the public with transparent, standardized tools for measuring and managing credit spread risk.
AXI and FXI are compatible with existing SOFR-based market infrastructure, ensuring a smooth and practical integration for derivatives, loans, securities, and risk management frameworks already in place.
“Offering AXI and FXI accessibility through Bloomberg, LSEG, and Wind ensures that market participants worldwide can integrate these indices into their operations and processes with ease,” said Marcus A. Burnett, Chief Executive Officer of SOFR Academy. “This development broadens access to the market infrastructure supporting credit provision, systemic resilience, and transparent risk management in the post-LIBOR era.”
“Offering AXI and FXI accessibility through Bloomberg, LSEG, and Wind ensures that market participants worldwide can integrate these indices into their operations and processes with ease.”– Marcus A. Burnett
Given the U.S. dollar’s central role in global trade, finance, and development, broad distribution of USD-denominated benchmark credit spreads is critical to supporting consistent, measured adoption across jurisdictions. The global availability of AXI and FXI ensures that both advanced and emerging markets can access the same high-quality tools to manage credit risk effectively. AXI and FXI were independently reviewed by IBM Promontory in 2024, confirming compliance with the relevant IOSCO Principles for Financial Benchmarks.
| Vendor | USD-AXI Ticker | USD-FXI Ticker |
| Bloomberg | AXIIUNS | FXIIUNS |
| LSEG Data & Analytics | .IIAXI | .IIFXI |
| Wind Financial Information LLC | AXI.GI | FXI.GI |
The benchmarks are being actively integrated into market infrastructure to support a Controlled Pilot Program, with plans underway to expand into other jurisdictions through EURAXITM and CNAXI, and other major currency jurisdictions.
For access details, licensing information, or participation in the Controlled Pilot Program, please contact: [email protected]. Any additional market data vendors or distributors wishing to host AXI and FXI are warmly invited to reach out at the same address. Data distribution is free of charge.
About SOFR Academy, Inc.
SOFR Academy, Inc. is a financial engineering firm that develops tools to support global financial market participants and public institutions. The firm’s products are designed to complement (near) risk-free rates and promote well-functioning credit markets. Headquartered in New York, SOFR Academy works with market participants, academics, and regulators to strengthen financial system resilience and transparency. SOFR Academy’s backers include 8VC, and former Goldman Sachs partner Robert Litterman who developed the Black–Litterman model together with Fischer Black in 1990. For more information, please visit www.SOFR.org.
About 8VC
8VC is a leading technology investment firm, backing visionary teams and industry-transforming companies. The partners have an extensive track record as founders, builders, and operators of companies including Palantir, Addepar, Resilience, and OpenGov. 8VC manages over $6 billion in committed capital, investing primarily in smart enterprise platforms, healthcare, logistics, Bio-IT, and defense. For more information, visit https://8vc.com.
About the Secured Overnight Financing Rate
SOFR is published by the Federal Reserve Bank of New York and is subject to The New York Fed’s Terms of Use. The New York Fed has no liability for your use of the data. Neither USD-AXI or USD-FXI are associated with, endorsed, or sponsored by The New York Fed or the Federal Reserve System.
Media Contacts
For SOFR Academy, Inc.
[email protected]
Phone +1 855 236 6106
