- Record 9,784,528 SOFR-based contracts traded on
March 7, with record open interest of
54,666,191 contracts on March
8
CHICAGO, March 9,
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 9,784,528 SOFR futures and options traded on March 7 and record open interest (OI) of
54,666,191 contracts on March 8.
Individually, SOFR futures traded a record of 5,836,669
contracts on March 7, with record OI
of 10,897,300 contracts the same day. SOFR options traded a record
4,533,369 contracts on March 8, with
record OI of 43,781,996 contracts the same day.
"With continued economic and interest rate policy uncertainties,
SOFR futures and options are proving to be extremely valuable risk
management and hedging tools," said Agha
Mirza, CME Group Global Head of Rates and OTC Products. "The
market for SOFR futures and options is deeply liquid and fully
developed, with a year-to-date average daily volume that exceeds
the highest annual volume ever recorded for Eurodollar futures and
options."
Month-to-date in March 2023, the
average daily volume (ADV) of SOFR futures and options traded is
6,808,280 contracts, with SOFR futures ADV equivalent to 1,168% of
Eurodollar futures ADV and SOFR options ADV equivalent to 1,800% 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-reach-single-day-trading-open-interest-records-301768415.html
SOURCE CME Group