CHICAGO, Dec. 14,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that open interest in its
deeply liquid SOFR complex set a new record of 60,435,467
contracts on December 12, including
48.3 million options contracts and 12.1 million futures contracts.
Average daily volume (ADV) in SOFR futures and options this year
also reached a record 5.1 million contracts.
"As the world's leading tools for hedging short-term interest
rate risk, global market participants continue to turn to our SOFR
futures and options to navigate uncertainty," said Agha Mirza, CME Group Global Head of Rates and
OTC Products. "We are pleased with the ongoing growth of our SOFR
complex, which now exceeds the highest annual ADV that Eurodollar
futures and options reached in their four-decade history."
SOFR futures and options have broad participation from global
banks, hedge funds, asset managers, principal trading firms and
other types of traders. These contracts are also eligible for
portfolio margining against other cleared interest rate swaps and
futures.
CME Group launched SOFR futures in May
2018 and SOFR options in January
2020.
SOFR futures and options are listed with and subject to the
rules of CME. For more information, 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. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group