Worldwide derivatives market CME Group right this moment introduced that it’ll launch choices on €STR futures, starting within the first quarter of 2024.
“With constantly sturdy volumes, open curiosity in our €STR futures has continued rising exponentially throughout 2023, now as much as 29,000 contracts, with over 80% of market contributors selecting CME Group as their house for European Quick Time period Price futures buying and selling,” mentioned Mark Rogerson, EMEA Head of Curiosity Price Merchandise, CME Group. “Including choices to our rising €STR futures contracts will present purchasers with the primary holistic €STR derivatives resolution that enables them to navigate continued financial uncertainty and extra precisely handle their danger in European rate of interest markets.”
In November, CME Group €STR futures reached a median each day quantity (ADV) of 17,000 contracts – with a single-day document of 39,836 contracts traded on November 10.
€STR choices shall be listed by and topic to the foundations of CME.