SOFR, so bad: liquidity lags transition ambitions

Thin current trading may lead to poor fallback choices, and dim SOFR’s appeal ahead of Libor’s death

Sometimes timing is everything. US derivatives dealers are moving inexorably towards a post-Libor world but, some argue, not fast enough, affecting the industry’s preparations for the day the disgraced benchmark ceases to exist.

“We’re ahead of schedule – whether the industry’s plan should have been more aggressive, there are good grounds to make that case,” says the chief risk officer of a buy-side firm.

A number of products linked to the secured overnight financing rate (SOFR), the US dollar

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here