Sandie O’Connor Archives - The Industry Spread

Transforming from LIBOR to SOFR

September 9, 2018

In April 2018, the Secured Overnight Financing Rate (SOFR) went live. The SOFR aims to solve many of the deficiencies of LIBOR, namely a lack of trading. “The SOFR has lots of transactions. In fact, it is 100% transaction based.” O’Connor said. O’Connor said there were about $750 billion worth of trades in SOFR daily.