CHICAGO, Oct. 21, 2021 /PRNewswire/ -- CME
Group, the world's leading and most diverse derivatives
marketplace, today announced that a record 396,421 SOFR futures
contracts were traded on October 18,
2021, surpassing the previous record of 341,922 contracts
set on June 18, 2021.
SOFR futures open interest continues to grow as well, reaching a
record 1,166,016 contracts on October 19,
2021, up 170% and growing 16% in one month, having surpassed
one million contracts of open interest on September 15, 2021.
"As the market continues to manage their interest rate risk
ahead of key transition deadlines, clients are increasingly
adopting SOFR futures," said Agha
Mirza, CME Group Global Head of Rates and OTC Products.
"Average daily volumes in SOFR futures have grown 171% versus
2020, and we are pleased to see new milestones this week with
records in both volume traded and open interest."
Month-to-date, SOFR futures have averaged more than 212,000
contracts per day, compared to a record 137,000 contracts on
average per day in September.
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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SOURCE CME Group