The only-day quantity of Secured In a single day Financing Price (SOFR) futures
and choices contracts traded on the Chicago Mercantile Trade (CME) hit a file 7.56 million contracts on January 12. This got here with a file open rate of interest of 35.7
million contracts on the identical day, CME Group disclosed in a press assertion.
“Individually, SOFR futures reached a file of 4,513,725 contracts
traded on the identical day. SOFR choices traded a file 3,044,742 contracts and
reached file OI of 26,258,989 contracts on January 12,” CME Group defined within the assertion.
The brand new information pile up CME Group’s milestones because the derivatives
market operator had seen the common day by day quantity (ADV) bounce 19% to a file 23.3 million contracts in 2022. Additionally, foreign exchange
and equities pushed the derivatives operator to a file ADV outdoors the US final yr.
Talking on the achievements, Agha Mirza, CME Group International’s Head of
Charges and OTC Merchandise, famous that the record-breaking performances show “that SOFR is probably the most strong and well-designed US greenback rate of interest index
out there.”
Mirza added that the by-product alternate operator will proceed to work
with its international consumer base to advance SOFR futures and choices “among the many
world’s deepest and most dependable rate of interest liquidity swimming pools for danger
administration.”
Watch the FMLS22 session on the stream of liquidity in retail and institutional buying and selling.
Buying and selling within the CME Group SOFR Futures and Choices So Far
In the meantime, CME Group disclosed that the ADV of SOFR futures and choices
traded on its platform totalled 4.67 million contracts throughout the first two
weeks of this month.
“Month-to-date January 2023 SOFR futures ADV is equal to 572% of
Eurodollar futures ADV and SOFR choices ADV is equal to 1,334% of
Eurodollar choices ADV,” the Chicago-based alternate added.
The CME Group SOFR futures and choices contracts are traded by high
banks, asset administration firms, hedge funds and principal buying and selling companies,
amongst others.
The only-day quantity of Secured In a single day Financing Price (SOFR) futures
and choices contracts traded on the Chicago Mercantile Trade (CME) hit a file 7.56 million contracts on January 12. This got here with a file open rate of interest of 35.7
million contracts on the identical day, CME Group disclosed in a press assertion.
“Individually, SOFR futures reached a file of 4,513,725 contracts
traded on the identical day. SOFR choices traded a file 3,044,742 contracts and
reached file OI of 26,258,989 contracts on January 12,” CME Group defined within the assertion.
The brand new information pile up CME Group’s milestones because the derivatives
market operator had seen the common day by day quantity (ADV) bounce 19% to a file 23.3 million contracts in 2022. Additionally, foreign exchange
and equities pushed the derivatives operator to a file ADV outdoors the US final yr.
Talking on the achievements, Agha Mirza, CME Group International’s Head of
Charges and OTC Merchandise, famous that the record-breaking performances show “that SOFR is probably the most strong and well-designed US greenback rate of interest index
out there.”
Mirza added that the by-product alternate operator will proceed to work
with its international consumer base to advance SOFR futures and choices “among the many
world’s deepest and most dependable rate of interest liquidity swimming pools for danger
administration.”
Watch the FMLS22 session on the stream of liquidity in retail and institutional buying and selling.
Buying and selling within the CME Group SOFR Futures and Choices So Far
In the meantime, CME Group disclosed that the ADV of SOFR futures and choices
traded on its platform totalled 4.67 million contracts throughout the first two
weeks of this month.
“Month-to-date January 2023 SOFR futures ADV is equal to 572% of
Eurodollar futures ADV and SOFR choices ADV is equal to 1,334% of
Eurodollar choices ADV,” the Chicago-based alternate added.
The CME Group SOFR futures and choices contracts are traded by high
banks, asset administration firms, hedge funds and principal buying and selling companies,
amongst others.
