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Death of Libor sends CME an ‘exponential’ boom in Sofr futures contracts
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fnlondon.comAs Libor faded away at the end of last year, January has seen record growth in its US dollar replacement rate.
Data from CME Group, a derivatives exchange, found 3 million open interest Sofr futures contracts as of January 31, with a record monthly average of more than 730,000 contracts, a year-on-year increase of 253% and 645%, respectively.
Mark...
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