CHICAGO, Sept. 18,
2024 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that its deeply liquid
SOFR futures reached a new, all-time record average daily volume
(ADV) of 5.4 million contracts in September and an open interest
record of 13,159,646 contracts on September
17.
Additionally, SOFR futures now have a record 1,144 large open
interest holders (LOIH), based on the CFTC's latest Commitments of
Traders report.
"Our SOFR futures are the world's most actively traded futures
contracts, providing clients with the deepest liquidity and
strongest efficiencies for managing short-term interest rate risk,"
said Agha Mirza, CME Group Global
Head of Rates and OTC Products. "These new records in ADV, open
interest and LOIH reflect the growing liquidity we are seeing
across the SOFR curve and our unrivaled SOFR complex."
Month-to-date in September, CME Group SOFR options ADV reached
2.5 million contracts, the second-highest ever, with open interest
of more than 44.5 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