- Record 7,558,467 SOFR-based contracts traded with record open interest of 35,698,298 contracts
CHICAGO, January 13, 2023 /PRNewswire/ — CME Group, the world’s leading derivatives marketplace, today announced new milestones in the growth of its SOFR derivatives contracts, with a record 7,558,467 SOFR futures and options traded for the day and record open interest (OI) of 35,698,298 contracts January 12. Individually, SOFR futures reached a record 4,513,725 contracts traded on the same day. SOFR options traded a record 3,044,742 contracts and achieved a record OI of 26,258,989 contracts January 12.
“Our complex of SOFR futures and options continues to grow, and yesterday’s records in volume and open interest confirm that SOFR is the most robust and well-designed US dollar interest rate index available,” he said Aga Mirza, CME Group Global Head of Rates and OTC Products. “Looking ahead, we will continue to work with our clients globally to make SOFR futures and options the world’s deepest and most reliable interest rate liquidity pools for risk management.”
In the first two weeks of January 2023the average daily volume (ADV) of traded SOFR futures and options reached 4,674,007 contracts. This month January 2023 The SOFR Futures ADV is 572% of the Eurodollar Futures ADV and the SOFR Options ADV is 1,334% of the Eurodollar Options ADV.
Globally, the SOFR futures and options markets include broad participation from global banks, hedge funds, asset managers, major trading firms and other types of traders.
SOFR futures and options are listed on the CME and are governed by the rules of the CME. For more information on SOFR futures and options, visit www.cmegroup.com/sofr.
About the CME Group
As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables its clients to trade futures, options, spot and over-the-counter markets, optimize portfolios and analyze data – empowering market participants worldwide to manage risks efficiently and seize opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indices, forex, energy, agricultural products and metals. The Company offers futures and options on futures trading through the CME Globex platform, fixed income trading through BrokerTec and forex trading on the EBS platform. In addition, it operates CME Clearing, one of the world’s leading clearing providers for central counterparties.
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 the 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 services 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.
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SOURCE CME Group
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