CHICAGO, Sept. 3,
2024 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that open interest in its
deeply liquid SOFR futures set a new record of 12,701,232
contracts on August 28, as the
product's average daily volume (ADV) reached a record 3.5 million
contracts year-to-date.
"As market participants navigate changing expectations around
monetary policy, they are turning, in record numbers, to the deep
liquidity of CME Group SOFR futures and options, which are the
world's leading tools for managing interest rate risk with
precision and efficiency," said Agha
Mirza, CME Group Global Head of Rates and OTC Products.
"Across our SOFR, U.S. Treasury and Fed Funds complexes, clients
can hedge or gain exposure to the entire U.S. yield curve with
unrivaled efficiency and liquidity."
CME Group SOFR options have an average daily volume of 1.6
million contracts year-to-date and open interest of more than 42
million contracts.
Launched in May 2018, CME Group
SOFR futures have broad participation from global banks, hedge
funds, asset managers, principal trading firms and other types of
traders. The contracts are eligible for margin offsets versus
adjacent futures and options, portfolio margining with cleared
interest rate swaps, as well as cross-margining with FICC-cleared
cash U.S. Treasury notes, bonds and certain Repo transactions.
For more information, please
visit www.cmegroup.com/sofr.
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