CHICAGO, Jan. 27, 2022 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that SOFR futures volume surpassed 1 million contracts
for the first time, reaching a new, single-day trading volume
record of 1,308,621 contracts and setting a new open interest (OI)
record of 2,804,640 contracts on January
26.
"These trading milestones reflect that market participants are
increasingly turning to CME Group's deeply liquid SOFR futures and
options to manage their risk," said Agha
Mirza, CME Group Global Head of Rates and OTC Products.
"Since the start of 2022, liquidity has continued to shift to our
SOFR-based derivatives at an accelerated pace, with SOFR futures
open interest now equivalent to nearly 25% of all Eurodollar
futures open interest."
To date in January 2022, SOFR
futures average daily volume (ADV) has grown to 664,603 contracts
per day, up from nearly 290,000 contracts per day on average during
December 2021. At the same time,
Eurodollar and SOFR futures and options ADV at CME Group has grown
to more than 4.6 million contracts a day, with the majority of
these futures contracts linked to each other through the ISDA
spread.
The prior records for SOFR futures daily volume and OI were
888,370 contracts traded on January
24 and 2,721,395 contracts OI on January 25 respectively.
SOFR futures 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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content:https://www.prnewswire.com/news-releases/record-1-3-million-sofr-futures-contracts-traded-on-january-26-as-liquidity-continues-to-shift-to-sofr-301470062.html
SOURCE CME Group