Goodbye Libor, hello basis traders: unpacking the surge in global interest rate derivatives turnover
Amol Agrawal
Torsten Ehlers and Karamfil Todorov discuss impact of LIBOR phase put on markets in this BIS article: Structural and cyclical factors have driven a surge in turnover of interest rate derivatives (IRDs) since 2022 – both in over-the-counter (OTC) and exchange-traded (XTD) markets. The reform of benchmark rates and the shift away from Libor has […]