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CME Group SOFR Futures Open Interest sets new record and exceeds one million contracts

By on September 16, 2021 0

CHICAGO, September 16, 2021 / PRNewswire / – CME Group, the world’s leading and most diverse derivatives marketplace, today announced that its SOFR futures have hit a new record, surpassing one million open interest contracts on September 15th.

SOFR futures open interest reached 1,004,882 contracts yesterday, marking its seventh consecutive record open interest day:

09/15/2021

1,004,882

09/14/21

951,157

09/13/2021

932,009

09/10/2021

921 028

09/09/2021

911 495

08/09/2021

894,362

07/09/2021

883 105

“We are delighted with the significant progress the market has made in adopting CME SOFR futures contracts since we introduced these contracts almost three and a half years ago,” said Agha Mirza, CME Group Global Head of Rates and OTC Products. “This milestone is a reflection of the strong growth we have seen across the SOFR ecosystem since CME implemented SOFR-based backup solutions on March 29 of this year. In August, SOFR futures volume increased 195% year over year to 125,000 contracts per day and our OTC SOFR swap volume grew to $ 65 billion in erased notional volume. ”

In addition, the SOFR open interest, which includes the open interest on SOFR futures and options as well as all Eurodollar futures and options beyond June 2023, has grown to 20.2 million contracts since the adoption of SOFR-based backup solutions. Total open interest related to SOFR increased to 38% of total open interest on short-term interest rates and options at CME Group.

The CME Group is the only entity to offer Eurodollar futures and options, a holistic SOFR solution that includes SOFR futures, options, offset swaps and SOFR futures, as well as futures contracts. BSBY guaranteeing market players a choice of extremely liquid risk management tools.

SOFR futures and cleared OTC swaps are listed and subject to CME rules. For more information on SOFR futures, please visit www.cmegroup.com/sofr.

As the world’s leading and most diverse derivatives market, CME Group (www.cmegroup.com) enables clients to trade futures, options, spot and over-the-counter markets, optimize portfolios and analyze data, enabling market participants around the world to effectively manage risks and seize opportunities. CME group exchanges offer the widest range of global benchmark products in all major asset classes based on interest rate, stock market indices, exchange, energy, agricultural production and metals. The company offers futures and options on futures contracts through the CME Globex®, rate trading via BrokerTec and currency trading on the EBS platform. In addition, it operates one of the world’s leading providers of central counterparty clearing, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are registered trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange, and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are services and / or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor’s Financial Services LLC and S & P / Dow Jones Indices LLC, as applicable, and have made the licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.

CME-G

SOURCE CME Group

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