CHICAGO, Sept. 4, 2019 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that it will launch options on Three-Month Secured
Overnight Financing Rate (SOFR) futures starting on Jan. 6, 2020, pending regulatory review.
"Today, CME Group is the only exchange offering customers a
holistic SOFR solution covering the entire yield curve," said
Agha Mirza, Global Head of Interest
Rate Products at CME Group. "Offering options on futures builds on
our ever-growing SOFR ecosystem and deep expertise in listed
interest rate options, and provides clients with another solution
for managing exposure to interest rate price risk around the
world."
Since their launch in May 2018,
more than 195 global market participants have traded over 6.3
million SOFR futures contracts at CME Group. A record 120 large
open interest holders held open positions in SOFR futures as of
Aug. 27, 2019. Additionally, open
interest surpassed a record 283,000 contracts on Aug. 30, 2019.
SOFR futures trade alongside highly liquid Eurodollar, Fed Fund
and Treasury futures to offer customers enhanced spread trading
capabilities through CME Group's electronic trading platform, CME
Globex, and capital efficiencies via margin offsets of up to 80
percent between relevant CME futures positions.
Options on Three-Month SOFR futures will be listed by and
subject to the rules of CME. More information is available at
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. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
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, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., 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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SOURCE CME Group