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Secured Overnight Financing Rate (SOFR)
The Secured Overnight Financing Rate, launched almost six months ago, is gaining ground after an awkward start, and efforts to develop the rate as a replacement for the scandal-tainted LIBOR are proceeding ahead of schedule, according to Bloomberg. View page
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Look Who’s Talking
Last week many of us were surprised to hear EF Hutton talk again – Wow! They exist? – when Hutton issued three press releases over eight days. Hutton has emerged as potentially much cooler, socially conscious version of a money machine and not just because the money takes the form of cryptocurrency. It seems that Hutton’s brand had been hanging out somewhere deep in Citigroup until half a dozen years ago when it was resurrected and sent out to fare on its own. EF Hutton today is a broker dealer unit of HUTN, Inc. Based in Springfield, Ohio, HUTN’s CEO...Read more
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