Three Experienced Stock Traders Talking Business, Consulting Documents and Argue About Data. They Work for a Big Stock Exchange Firm. Office is Full of Displays Showing Infographics and Numbers.

A Long Goodbye to LIBOR

The London Interbank Offered Rate was a widely accepted benchmark interest rate among financial institutions for over 40 years. One worldwide scandal and a handful of years later, it’s set to start expiring in a few days.

Momentum Building for LIBOR Replacements

Imagine you sign a contract and later learn that one of its key financial underpinnings will be replaced by something unknowable. That is the reality if you enter into a financial transaction involving the London Interbank Offered Rate, or LIBOR.