CME Group SOFR Futures and Options Reach Single-Day Trading, Open Interest Records
Individually, SOFR futures traded a record of 5,836,669 contracts on March 7, with record OI of 10,897,300 contracts the same day.
- Individually, SOFR futures traded a record of 5,836,669 contracts on March 7, with record OI of 10,897,300 contracts the same day.
- "With continued economic and interest rate policy uncertainties, SOFR futures and options are proving to be extremely valuable risk management and hedging tools," said Agha Mirza, CME Group Global Head of Rates and OTC Products.
- "The market for SOFR futures and options is deeply liquid and fully developed, with a year-to-date average daily volume that exceeds the highest annual volume ever recorded for Eurodollar futures and options."
- Month-to-date in March 2023, the average daily volume (ADV) of SOFR futures and options traded is 6,808,280 contracts, with SOFR futures ADV equivalent to 1,168% of Eurodollar futures ADV and SOFR options ADV equivalent to 1,800% of Eurodollar options ADV.