- Record 7,558,467 SOFR-based contracts traded, with record
open interest of 35,698,298 contracts
CHICAGO, Jan. 13,
2023 /PRNewswire/ -- CME Group, the world's
leading derivatives marketplace, today announced new milestones in
the growth of its SOFR derivatives contracts, with a single-day
record of 7,558,467 SOFR futures and options traded and record open
interest (OI) of 35,698,298 contracts on January 12. Individually, SOFR futures reached a
record of 4,513,725 contracts traded on the same day. SOFR options
traded a record 3,044,742 contracts and reached record OI of
26,258,989 contracts on January 12.
"Our SOFR futures and options complex continues to grow, and
yesterday's records in volume and open interest validate that SOFR
is the most robust and well-designed U.S. dollar interest rate
index available," said Agha Mirza,
CME Group Global Head of Rates and OTC Products. "Looking ahead, we
will continue to work with our clients worldwide in advancing SOFR
futures and options among the world's deepest and most reliable
interest rate liquidity pools for risk management."
In the first two weeks of January
2023, the average daily volume (ADV) of SOFR futures and
options traded reached 4,674,007 contracts. Month-to-date
January 2023 SOFR futures ADV is
equivalent to 572% of Eurodollar futures ADV and SOFR options ADV
is equivalent to 1,334% of Eurodollar options ADV.
Globally, SOFR futures and options markets include 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 & Poor's Financial
Services LLC and S&P/Dow Jones Indices LLC, as 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
View original
content:https://www.prnewswire.com/news-releases/cme-group-sofr-futures-and-options-trade-a-record-7-56-million-contracts-on-january-12--301721671.html
SOURCE CME Group