One-day volume of futures and options on the guaranteed overnight funding rate (SOFR) traded on the Chicago Mercantile Exchange (CME) hit a record high of 7.56 million contracts on January 12. This was accompanied by a record open interest rate of 35.7 million contracts on the same day, CME Group revealed in a press release.
“Individually, SOFR futures reached a record 4,513,725 contracts traded on the same day. SOFR options traded a record 3,044,742 contracts and hit a record OI of 26,258,989 contracts on January 12,” CME Group explained in the release.
New records pile on CME Group milestones as the derivatives market operator saw average daily volume (ADV) jump 19% to a record 23.3 million contracts in 2022. Additionally, forex and shares pushed the derivatives trader to a record ADV outside the US. Last year.
Speaking on the achievements, Agha Mirza, Head of Rates and OTC Products, CME Group Global, noted that the record performance proves “SOFR is the most robust and best designed available”.
Mirza added that the derivatives exchange operator will continue to work with its global customer base to advance SOFR futures and options “among the deepest and most trusted interest rate liquidity pools in the world. for risk management.
Watch the FMLS22 session on Liquidity Flow in Retail and Institutional Trading.
CME Group SOFR Futures and Options Trading So Far
Meanwhile, CME Group revealed that the ADV of SOFR futures and options traded on its platform totaled 4.67 million contracts in the first two weeks of this month.
“As of the beginning of January 2023, the ADV of SOFR futures is equivalent to 572% of the ADV of Eurodollar futures and SOFR options is equivalent to 1,334% of the ADV of Eurodollar options,” added the exchange based in Chicago.
CME Group SOFR futures and options contracts are traded by the largest banks, asset management companies, hedge funds and major trading firms, among others.
One-day volume of futures and options on the guaranteed overnight funding rate (SOFR) traded on the Chicago Mercantile Exchange (CME) hit a record high of 7.56 million contracts on January 12. This was accompanied by a record open interest rate of 35.7 million contracts on the same day, CME Group revealed in a press release.
“Individually, SOFR futures reached a record 4,513,725 contracts traded on the same day. SOFR options traded a record 3,044,742 contracts and hit a record OI of 26,258,989 contracts on January 12,” CME Group explained in the release.
New records pile on CME Group milestones as the derivatives market operator saw average daily volume (ADV) jump 19% to a record 23.3 million contracts in 2022. Additionally, forex and shares pushed the derivatives trader to a record ADV outside the US. Last year.
Speaking on the achievements, Agha Mirza, Head of Rates and OTC Products, CME Group Global, noted that the record performance proves “SOFR is the most robust and best designed available”.
Mirza added that the derivatives exchange operator will continue to work with its global customer base to advance SOFR futures and options “among the deepest and most trusted interest rate liquidity pools in the world. for risk management.
Watch the FMLS22 session on Liquidity Flow in Retail and Institutional Trading.
CME Group SOFR Futures and Options Trading So Far
Meanwhile, CME Group revealed that the ADV of SOFR futures and options traded on its platform totaled 4.67 million contracts in the first two weeks of this month.
“As of the beginning of January 2023, the ADV of SOFR futures is equivalent to 572% of the ADV of Eurodollar futures and SOFR options is equivalent to 1,334% of the ADV of Eurodollar options,” added the exchange based in Chicago.
CME Group SOFR futures and options contracts are traded by the largest banks, asset management companies, hedge funds and major trading firms, among others.
