CHICAGO, Feb. 11, 2022 /PRNewswire/ -- CME Group, the
world's leading derivatives marketplace, today announced that SOFR
futures surpassed 2 million contracts for the first time, reaching
a new, single-day trading volume record of 2,069,531 contracts and
setting a new open interest (OI) record of 3,236,499 contracts on
February 10. SOFR options also
reached a record 130,200 contracts traded yesterday and set a new
OI record of 656,977 contracts.
Additionally, SOFR futures packs and bundles achieved a record
259,992 contracts traded on February
10, surpassing the prior record of 172,840 contracts on
January 27.
"Our SOFR futures and options have both grown exponentially
since the start of the year, as clients are increasingly turning to
our deep, liquid SOFR-based products to manage their risk," said
Agha Mirza, Global Head of Rates and
OTC Products, CME Group. "In particular, SOFR options are growing
at an unprecedented pace for a nascent options market, averaging
more than 65,000 contracts per day during the month of
February."
In February month-to-date, SOFR futures average daily volume
(ADV) has grown to 946,794 contracts per day, compared to a record
monthly ADV of 731,126 contracts per day in January. At the same
time, SOFR futures ADV is now equivalent to more than 33% of all
Eurodollar futures ADV. In addition, Eurodollar and SOFR futures
and options ADV at CME Group has grown to more than 5.5 million
contracts a day, with the majority of these futures contracts
linked to each other through the ISDA spread.
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 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/sofr-futures-and-options-set-multiple-records-on-february-10-as-sofr-based-liquidity-continues-to-grow-301480950.html
SOURCE CME Group