CHICAGO, May 24, 2024
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced that its suite of Adjusted Interest
Rate (AIR) Total Return futures reached an open interest (OI)
record of 503,000 contracts on May
22.
In addition, AIR Total Return futures average daily volume
stands at 8,200 contracts for 2024, up a record 78% year over
year.
"As market participants continue to navigate a changing interest
rate environment, they are increasingly looking for products that
provide critical cost savings and flexibility to manage their
risk," said Paul Woolman, Global
Head of Equity Products at CME Group. "Our suite of AIR Total
Return futures provide an effective and cost-efficient alternative
to OTC equivalents, all with the added benefits of pricing
transparency and deep liquidity that come with on-exchange
trading."
Additional trading highlights for AIR Total Return futures
year-to-date include:
- Average OI is 430,000 contracts, up 25% year over year.
- OI represents more than $138
billion in equivalent equity index notional value, an
increase of 40% year over year.
- Record 42 large open interest holders on May 14 (defined by participants holding 1,000 or
more contracts).
AIR Total Return futures are available across a range of major
global indices – S&P 500, Nasdaq-100, Russell 1000, Russell
2000, Dow Jones Industrial Average, and the FTSE 100.
For more information, visit www.cmegroup.com/airtrf.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. 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