CME Group SOFR Futures Reach New Volume and Open Interest Records
CME Group, the world's leading derivatives marketplace, has announced new records for its SOFR futures contracts. In September, SOFR futures reached an all-time record average daily volume (ADV) of 5.4 million contracts and an open interest record of 13,159,646 contracts on September 17. The contracts now have a record 1,144 large open interest holders (LOIH).
SOFR options also performed strongly, with a month-to-date ADV of 2.5 million contracts in September, the second-highest ever, and open interest exceeding 44.5 million contracts. Launched in May 2018, CME Group SOFR futures have broad participation from various global financial institutions and traders.
CME Group, il principale mercato di derivati al mondo, ha annunciato nuovi record per i suoi contratti futures SOFR. A settembre, i futures SOFR hanno raggiunto un volume medio giornaliero (ADV) record di 5,4 milioni di contratti e un record di open interest di 13.159.646 contratti il 17 settembre. I contratti ora vantano un record di 1.144 grandi detentori di open interest (LOIH).
Anche le opzioni SOFR hanno avuto una prestazione forte, con un ADV mensile fino ad oggi di 2,5 milioni di contratti a settembre, il secondo più alto di sempre, e un open interest superiore a 44,5 milioni di contratti. Lanciati a maggio 2018, i futures SOFR di CME Group hanno una vasta partecipazione da parte di diverse istituzioni finanziarie e trader globali.
CME Group, el principal mercado de derivados del mundo, ha anunciado nuevos récords para sus contratos de futuros SOFR. En septiembre, los futuros SOFR alcanzaron un volumen promedio diario (ADV) récord de 5,4 millones de contratos y un récord de interés abierto de 13.159.646 contratos el 17 de septiembre. Los contratos ahora tienen un récord de 1.144 grandes titulares de interés abierto (LOIH).
Las opciones SOFR también tuvieron un buen desempeño, con un ADV mensual hasta la fecha de 2,5 millones de contratos en septiembre, el segundo más alto de todos los tiempos, y un interés abierto que supera los 44,5 millones de contratos. Lanzados en mayo de 2018, los futuros SOFR de CME Group tienen una amplia participación de diversas instituciones financieras y traders globales.
세계 최고의 파생상품 거래소인 CME Group이 SOFR 선물 계약에 대한 새로운 기록을 발표했습니다. 9월에 SOFR 선물은 일일 평균 거래량(ADV) 540만 계약의 역대 최고 기록를 달성했으며, 9월 17일에는 13159646 계약의 미결제 약정 기록도 세웠습니다. 현재 계약은 1144명의 대규모 미결제 약정 보유자(LOIH)를 보유하고 있습니다.
SOFR 옵션도 양호한 성과를 보였으며, 9월에는 2.5백만 계약의 월간 평균 거래량(ADV)을 기록하여 두 번째로 높은 수치를 기록했으며, 미결제 약정은 4450만 계약을 초과했습니다. 2018년 5월에 출시된 CME Group의 SOFR 선물은 다양한 글로벌 금융 기관과 거래자들의 폭넓은 참여를 받고 있습니다.
CME Group, le principal marché de dérivés au monde, a annoncé de nouveaux records pour ses contrats à terme SOFR. En septembre, les contrats à terme SOFR ont atteint un volume moyen quotidien (ADV) record de 5,4 millions de contrats et un record d'intérêts ouverts de 13.159.646 contrats le 17 septembre. Les contrats disposent désormais d'un record de 1.144 grands détenteurs d'intérêts ouverts (LOIH).
Les options SOFR ont également bien performé, avec un ADV mensuel jusqu'à présent de 2,5 millions de contrats en septembre, le deuxième plus élevé de tous les temps, et un intérêt ouvert dépassant 44,5 millions de contrats. Lancés en mai 2018, les contrats à terme SOFR de CME Group bénéficient d'une large participation de diverses institutions financières et traders mondiaux.
CME Group, der führende Derivatemarkt der Welt, hat neue Rekorde für seine SOFR-Futures-Kontrakte bekannt gegeben. Im September erreichten die SOFR-Futures ein durchschnittliches tägliches Volumen (ADV) von 5,4 Millionen Verträgen und einen Rekord an offenen Positionen von 13.159.646 Verträgen am 17. September. Die Kontrakte weisen nun einen Rekord von 1.144 großen Haltern offener Positionen (LOIH) auf.
Auch die SOFR-Optionen zeigten eine starke Leistung mit einem durchschnittlichen monatlichen Volumen bis heute von 2,5 Millionen Verträgen im September, dem zweithöchsten Wert überhaupt, und einem offenen Interesse von über 44,5 Millionen Verträgen. Die SOFR-Futures von CME Group, die im Mai 2018 eingeführt wurden, finden breite Teilnahme von verschiedenen globalen Finanzinstituten und Händlern.
- Record average daily volume (ADV) of 5.4 million contracts for SOFR futures in September
- New open interest record of 13,159,646 contracts for SOFR futures on September 17
- Record 1,144 large open interest holders (LOIH) for SOFR futures
- SOFR options reached second-highest ever ADV of 2.5 million contracts in September
- SOFR options open interest exceeded 44.5 million contracts
- None.
Insights
The record-breaking performance of CME Group's SOFR futures signals a significant shift in the interest rate derivatives market. With an ADV of 5.4 million contracts and open interest of 13,159,646 contracts, these figures indicate robust liquidity and growing market confidence in SOFR as the preferred benchmark rate. The increase to 1,144 large open interest holders suggests broader institutional adoption, which could lead to even greater market depth and stability.
This trend is likely to have positive implications for CME Group's revenue stream, as increased trading volume typically translates to higher transaction fees. Moreover, the strong performance of SOFR futures could strengthen CME's competitive position in the global derivatives marketplace, potentially attracting more participants and further boosting liquidity.
The surge in SOFR futures trading volume and open interest reflects the market's accelerating transition away from LIBOR. This shift is reshaping the interest rate derivatives landscape, with potential ripple effects across various financial instruments. The second-highest ADV of 2.5 million contracts for SOFR options further underscores this trend, indicating a growing appetite for more sophisticated SOFR-based risk management tools.
The broad participation from diverse market players, including global banks, hedge funds and asset managers, suggests that SOFR is gaining traction as the new benchmark rate of choice. This widespread adoption could lead to increased standardization and efficiency in interest rate markets, benefiting both institutional and retail investors in the long run.
Additionally, SOFR futures now have a record 1,144 large open interest holders (LOIH), based on the CFTC's latest Commitments of Traders report.
"Our SOFR futures are the world's most actively traded futures contracts, providing clients with the deepest liquidity and strongest efficiencies for managing short-term interest rate risk," said Agha Mirza, CME Group Global Head of Rates and OTC Products. "These new records in ADV, open interest and LOIH reflect the growing liquidity we are seeing across the SOFR curve and our unrivaled SOFR complex."
Month-to-date in September, CME Group SOFR options ADV reached 2.5 million contracts, the second-highest ever, with open interest of more than 44.5 million contracts.
Launched in May 2018, CME Group SOFR futures have broad participation from global banks, hedge funds, asset managers, principal trading firms and other types of traders. The contracts are eligible for margin offsets versus adjacent futures and options, portfolio margining with cleared interest rate swaps, as well as cross-margining with FICC-cleared cash
For more information, please visit www.cmegroup.com/sofr.
As the world's leading 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.
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SOURCE CME Group
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