Traders see easy switch off Libor in Swiss market at year-end
Saron swaps trading still slow but traders say liquidity is rising and see no hurdles to transition
Less than a year before Swiss franc Libor is due to disappear, trading in derivatives referencing its replacement amounts to just a fraction of overall volumes – but Swiss market participants are confident transition off the tarnished benchmark remains on track.
Traders and brokers say a number of hurdles to the switch have now been overcome and point to signs that liquidity in Saron derivatives is starting to grow.
Available data is yet to show a sustained rise in Saron volumes but there is
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