CME to ease SOFR transition as volumes jump

Trading in the US risk-free rate reflects the shift in the dynamics of the rates market, and the exchange is now looking to reduce hurdles to further client penetration ahead of the Libor cessation date

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Two of the seven USD Libor maturities discontinued at the end of 2021, and the other five – overnight, one, three, six and 12 months – will follow in June 2023, we surveyed the market to gauge readiness