Worldwide derivatives market CME Group at the moment introduced that open curiosity in its deeply liquid SOFR complicated set a brand new document of 60,435,467 contracts on December 12, together with 48.3 million choices contracts and 12.1 million futures contracts.
Common day by day quantity (ADV) in SOFR futures and choices this yr additionally reached a document 5.1 million contracts.
“Because the world’s main instruments for hedging short-term rate of interest threat, world market individuals proceed to show to our SOFR futures and choices to navigate uncertainty,” stated Agha Mirza, CME Group International Head of Charges and OTC Merchandise. “We’re happy with the continued progress of our SOFR complicated, which now exceeds the very best annual ADV that Eurodollar futures and choices reached of their four-decade historical past.”
SOFR futures and choices have broad participation from world banks, hedge funds, asset managers, principal buying and selling companies and different sorts of merchants. These contracts are additionally eligible for portfolio margining in opposition to different cleared rate of interest swaps and futures.
CME Group launched SOFR futures in Might 2018 and SOFR choices in January 2020.