LIBOR Edition
Spencer Doar
Editor
This Thursday, Cboe Futures Exchange will be launching AMERIBOR (American Interbank Offered Rate) futures. AMERIBOR is the brainchild of Richard Sandor, chairman and CEO of the American Financial Exchange, and is an alternative to LIBOR (London Inter-bank Offered Rate).
In this episode of “The Spread,” we look at the history of the LIBOR, a financial innovation that grew to underpin trillions of dollars of derivatives contracts before becoming the centerpiece of one of the largest financial scandals of our time.
Produced by Mike Forrester
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