CME Group Announces Record SOFR Futures Volume and Open Interest
CME Group announced record trading in SOFR futures, with 396,421 contracts traded on October 18, 2021. This marks an increase from the previous record of 341,922 contracts on June 18, 2021. Open interest also reached a record 1,166,016 contracts on October 19, 2021, up 170% year-over-year. Average daily volume in SOFR futures has surged by 171% compared to 2020, averaging over 212,000 contracts in October. The rise reflects growing adoption as clients manage interest rate risks before key transition deadlines.
- Record SOFR futures contracts traded: 396,421 on October 18, 2021.
- Open interest increased by 170%, reaching 1,166,016 on October 19, 2021.
- Average daily volume up 171% from 2020.
- None.
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
"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
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.
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SOURCE CME Group
FAQ
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