- Record average daily volume (ADV) of 2,456,246 SOFR
futures and options contracts traded in August
- Record ADV of 606,225 SOFR options contracts
CHICAGO, Aug. 10,
2022 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced that open interest
(OI) in SOFR options reached a record 10.36 million contracts
for the first time on August 9. The
single-day OI in SOFR futures and options hit a record 17.66
million contracts, as ADV for SOFR futures and options reached a
record 2,456,246 in August.
"SOFR options open interest has grown at a record pace in 2022
for any listed options on a fixed income product," said
Agha Mirza, CME Group Global Head of
Rates and OTC Products. "With open interest of 10 million
contracts, SOFR options have now joined the top three largest fixed
income listed options markets, becoming a highly liquid and leading
risk management tool for our clients."
To date in August 2022, SOFR
options average daily volume (ADV) has grown to a record 606,225
contracts per day, up from 386,018 contracts per day on average
during July 2022. SOFR futures ADV in
August is equivalent to 150% of Eurodollar futures ADV and SOFR
options ADV is equivalent to 138% of Eurodollar options ADV in
August.
SOFR options are now among the world's deepest and most
consistently liquid options markets, with broad participation from
global banks, hedge funds, asset managers, principal trading firms
and other types of traders.
SOFR futures and options are listed with and subject to the
rules of CME. For more information on SOFR futures and options,
please visit www.cmegroup.com/sofr.
About CME Group
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform,
fixed income trading via BrokerTec and foreign exchange trading on
the EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, 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
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 service and/or
trademarks of Dow Jones Trademark Holdings LLC, Standard &
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the case may be, and have been licensed for use by Chicago
Mercantile Exchange Inc. All other trademarks are the
property of their respective owners.
CME-G
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SOURCE CME Group