NYSE Euronext faces challenges with Libor changes

11/19/2013 | Reuters

NYSE Euronext, which will take over administration of the London Interbank Offered Rate, says transforming the benchmark from quote based to trade based will not happen overnight. Some market participants say a trade-based approach is no panacea. NYSE Euronext, recently purchased by IntercontinentalExchange, says the transition of Libor administration from the British Bankers' Association to ICE will finish in early 2014.

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