CHICAGO, Sept. 16, 2021 /PRNewswire/ -- CME
Group, the world's leading and most diverse derivatives
marketplace, today announced that its SOFR futures contracts
reached a new record, surpassing one million contracts of open
interest on September 15.
SOFR futures open interest reached 1,004,882 contracts
yesterday, marking its seventh-consecutive record open interest
day:
09/15/2021
|
1,004,882
|
09/14/2021
|
951,157
|
09/13/2021
|
932,009
|
09/10/2021
|
921,028
|
09/09/2021
|
911,495
|
09/08/2021
|
894,362
|
09/07/2021
|
883,105
|
"We are pleased with the significant progress the market has
made in adopting CME SOFR futures since we introduced these
contracts nearly three and a half years ago," said Agha Mirza, CME Group Global Head of Rates and
OTC Products. "This milestone is reflective of the strong growth
we've seen throughout the SOFR ecosystem since CME implemented
SOFR-based fallbacks 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 swaps volume
rose to $65 billion in notional
volume cleared."
Additionally, SOFR-linked open interest, which includes open
interest in SOFR futures and options plus any Eurodollar futures
and options open interest beyond June
2023, has increased to 20.2 million contracts since the
adoption of SOFR-based fallbacks. Total SOFR-linked open interest
has increased to 38% of total short-term interest rate futures and
options open interest at CME Group.
CME Group is the only entity to offer Eurodollar futures and
options, a holistic SOFR solution that includes SOFR futures,
options, cleared swaps and Term SOFR, as well as BSBY futures
ensuring market participants have a choice of deeply liquid risk
management tools.
SOFR futures and cleared OTC swaps are listed with and subject
to the rules of CME. For more information on SOFR futures, please
visit www.cmegroup.com/sofr.
As the world's leading and most diverse 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
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SOURCE CME Group