CME Group Announces Record SOFR Futures Trading Volume and Open Interest on February 25

Rhea-AI Summary

CME Group reported record trading volumes for Secured Overnight Financing Rate (SOFR) futures, with 265,511 contracts traded on February 25, 2021, surpassing the previous record of 240,288 contracts. Additionally, open interest for SOFR futures reached a new high of 757,943 contracts. Eurodollar futures and options also showed significant activity, with 14 million contracts traded. Furthermore, Eurodollar 3-Year Mid-Curve options and U.S. Treasury options set new daily volume records of 1.4 million and 2.9 million contracts, respectively.

Positive

• SOFR futures daily volume hit a record of 265,511 contracts.
• SOFR futures open interest reached 757,943 contracts, a new high.
• Eurodollar futures and options traded 14 million contracts, the highest since March 2020.
• Eurodollar 3-Year Mid-Curve options set a record with 1.4 million contracts.
• U.S. Treasury options reached a record of 2.9 million contracts.

Negative

• None.

CHICAGO, Feb. 26, 2021 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced that Secured Overnight Financing Rate (SOFR) futures reached a daily volume record of 265,511 contracts on February 25, surpassing the previous record of 240,288 contracts on November 19, 2020. SOFR futures open interest also set a new record of 757,943 contracts yesterday, exceeding the prior record of 751,594 contracts on February 24.

"We are pleased with the growth of our increasingly robust SOFR futures market, as well as the continued development of the overall SOFR ecosystem at CME Group," said Agha Mirza, Global Head of Interest Rate and OTC Products, CME Group. "This SOFR milestone coincides with strong participation in our Eurodollar futures and options, which traded 14 million contracts yesterday, the highest volume since the Fed's emergency rate cuts in March 2020. Going forward, we remain focused on providing our clients with the broadest array of cost-efficient, short-term interest rate products they need to manage their risk."

Additionally, Eurodollar 3-Year Mid-Curve options reached a new daily volume record of 1.4 million contracts on February 25, surpassing the previous record of 994,059 contracts on February 16. U.S. Treasury options traded a record 2.9 million contracts on February 25, exceeding the prior high of 2.8 million contracts on March 5, 2020.

For more information on CME Group's Interest Rates markets, please visit www.cmegroup.com/interestrates.

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. 

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SOURCE CME Group

FAQ

What was the record trading volume for SOFR futures on February 25, 2021?

The record trading volume for SOFR futures on February 25, 2021, was 265,511 contracts.

What is the open interest for SOFR futures as of February 25, 2021?

As of February 25, 2021, the open interest for SOFR futures reached 757,943 contracts.

What significant trading activity occurred for Eurodollar futures on February 25, 2021?

Eurodollar futures and options traded 14 million contracts on February 25, 2021, marking the highest volume since March 2020.

How many contracts were traded for Eurodollar 3-Year Mid-Curve options on February 25, 2021?

Eurodollar 3-Year Mid-Curve options reached a trading volume of 1.4 million contracts on February 25, 2021.

What was the trading volume record for U.S. Treasury options on February 25, 2021?

U.S. Treasury options traded a record 2.9 million contracts on February 25, 2021.