
Compression firms vie to ease Libor switch
Quantile and TriOptima launching services to tear up Libor swaps and replace with new rates

Market participants may get help in kicking their Libor habit. At least two providers of swaps compression services – which tear up and replace trades – are currently tweaking their technology so Libor-linked swaps can be exchanged for those referencing new risk-free rates (RFRs).
Quantile Technologies aims to have its first live run before the end of June. It will close out short-dated Libor
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