{"id":539277,"date":"2021-09-16T14:07:54","date_gmt":"2021-09-16T18:07:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/"},"modified":"2021-09-16T14:07:54","modified_gmt":"2021-09-16T18:07:54","slug":"cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/","title":{"rendered":"CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">Sept. 16, 2021<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=1327725389&amp;u=http%3A%2F%2Fwww.cmegroup.com%2F&amp;a=CME+Group\" rel=\"nofollow noopener\">CME Group<\/a>,\u00a0the world&#8217;s leading and most diverse derivatives marketplace, today announced that its SOFR futures contracts reached a new record, surpassing one million contracts of open interest on <span class=\"xn-chron\">September 15<\/span>. <\/p>\n<p>SOFR futures open interest reached 1,004,882 contracts yesterday, marking its seventh-consecutive record open interest day:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prntar prnpl6 prnsbls prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">09\/15\/2021<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prnsbts prnrbrs prnvab prnsbbs prntar prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1,004,882<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">09\/14\/2021<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">951,157<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">09\/13\/2021<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">932,009<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">09\/10\/2021<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">921,028<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">09\/09\/2021<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">911,495<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">09\/08\/2021<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">894,362<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">09\/07\/2021<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">883,105<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>&#8220;We are pleased with the significant progress the market has made in adopting CME SOFR futures since we introduced these contracts nearly three and a half years ago,&#8221; said <span class=\"xn-person\">Agha Mirza<\/span>, CME Group Global Head of Rates and OTC Products. &#8220;This milestone is reflective of the strong growth we&#8217;ve seen throughout the SOFR ecosystem since CME implemented SOFR-based fallbacks on <span class=\"xn-chron\">March 29<\/span> of this year. In August, SOFR futures volume increased 195% year over year to 125,000 contracts per day and our OTC SOFR swaps volume rose to <span class=\"xn-money\">$65 billion<\/span> in notional volume cleared.&#8221; <\/p>\n<p>Additionally, SOFR-linked open interest, which includes open interest in SOFR futures and options plus any Eurodollar futures and options open interest beyond <span class=\"xn-chron\">June 2023<\/span>, has increased to 20.2 million contracts since the adoption of SOFR-based fallbacks. Total SOFR-linked open interest has increased to 38% of total short-term interest rate futures and options open interest at CME Group. <\/p>\n<p>CME Group is the only entity to offer Eurodollar futures and options, a holistic SOFR solution that includes SOFR futures, options, cleared swaps and Term SOFR, as well as BSBY futures ensuring market participants have a choice of deeply liquid risk management tools.\u00a0 <\/p>\n<p>SOFR futures and cleared OTC swaps are listed with and subject to the rules of CME. For more information on SOFR futures, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=395333006&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Fsofr&amp;a=www.cmegroup.com%2Fsofr\" rel=\"nofollow noopener\">www.cmegroup.com\/sofr<\/a>. \u00a0\u00a0\u00a0<\/p>\n<p>As the world&#8217;s leading and most diverse derivatives marketplace, CME Group (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=2777539360&amp;u=http%3A%2F%2Fwww.cmegroup.com%2F&amp;a=www.cmegroup.com\" rel=\"nofollow noopener\">www.cmegroup.com<\/a><\/u>) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data \u2013 empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=230508535&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Finterest-rates%2Findex.html&amp;a=interest+rates\" rel=\"nofollow noopener\">interest rates<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=658775025&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Fequity-index%2Findex.html&amp;a=equity+indexes\" rel=\"nofollow noopener\">equity indexes<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=1704668686&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Ffx%2F&amp;a=foreign+exchange\" rel=\"nofollow noopener\">foreign exchange<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=4098358079&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Fenergy%2F&amp;a=energy\" rel=\"nofollow noopener\">energy<\/a><\/u>,\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=1968804661&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Fagricultural%2F&amp;a=agricultural+products\" rel=\"nofollow noopener\">agricultural products<\/a><\/u>\u00a0and\u00a0<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=2940364652&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Ftrading%2Fmetals%2F&amp;a=metals\" rel=\"nofollow noopener\">metals<\/a><\/u>.\u00a0 The company offers futures and options on futures trading through the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3293897-1&amp;h=3280228670&amp;u=http%3A%2F%2Fwww.cmegroup.com%2Fglobex%2Findex.html&amp;a=CME+Globex\" rel=\"nofollow noopener\">CME Globex<\/a><\/u>\u00ae platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.\u00a0 In addition, it operates one of the world&#8217;s leading central counterparty clearing providers, CME Clearing.\u00a0 <\/p>\n<p>CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini\u00a0are trademarks of Chicago Mercantile Exchange Inc.\u00a0 CBOT and <span class=\"xn-location\">Chicago<\/span> Board of Trade are trademarks of Board of Trade of the <span class=\"xn-location\">City of Chicago<\/span>, Inc.\u00a0 NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.\u00a0 COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively.<b>\u00a0 <\/b>Dow Jones, Dow Jones Industrial Average, S&amp;P 500 and S&amp;P are service and\/or trademarks of Dow Jones Trademark Holdings LLC, Standard &amp; Poor&#8217;s Financial Services LLC and S&amp;P\/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.\u00a0 All other trademarks are the property of their respective owners.\u00a0<\/p>\n<p>CME-G<\/p>\n<p \/>\n<p \/>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=AQ10151&amp;sd=2021-09-16\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts-301379013.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts-301379013.html<\/a><\/p>\n<p>SOURCE  CME Group<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=AQ10151&amp;Transmission_Id=202109161404PR_NEWS_USPR_____AQ10151&amp;DateId=20210916\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire CHICAGO, Sept. 16, 2021 \/PRNewswire\/ &#8212; CME Group,\u00a0the world&#8217;s leading and most diverse derivatives marketplace, today announced that its SOFR futures contracts reached a new record, surpassing one million contracts of open interest on September 15. SOFR futures open interest reached 1,004,882 contracts yesterday, marking its seventh-consecutive record open interest day: 09\/15\/2021 1,004,882 09\/14\/2021 951,157 09\/13\/2021 932,009 09\/10\/2021 921,028 09\/09\/2021 911,495 09\/08\/2021 894,362 09\/07\/2021 883,105 &#8220;We are pleased with the significant progress the market has made in adopting CME SOFR futures since we introduced these contracts nearly three and a half years ago,&#8221; said Agha Mirza, CME Group Global Head of Rates and OTC Products. &#8220;This milestone is reflective of the strong growth we&#8217;ve seen throughout the SOFR &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-539277","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire CHICAGO, Sept. 16, 2021 \/PRNewswire\/ &#8212; CME Group,\u00a0the world&#8217;s leading and most diverse derivatives marketplace, today announced that its SOFR futures contracts reached a new record, surpassing one million contracts of open interest on September 15. SOFR futures open interest reached 1,004,882 contracts yesterday, marking its seventh-consecutive record open interest day: 09\/15\/2021 1,004,882 09\/14\/2021 951,157 09\/13\/2021 932,009 09\/10\/2021 921,028 09\/09\/2021 911,495 09\/08\/2021 894,362 09\/07\/2021 883,105 &#8220;We are pleased with the significant progress the market has made in adopting CME SOFR futures since we introduced these contracts nearly three and a half years ago,&#8221; said Agha Mirza, CME Group Global Head of Rates and OTC Products. &#8220;This milestone is reflective of the strong growth we&#8217;ve seen throughout the SOFR &hellip; Continue reading &quot;CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-16T18:07:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=AQ10151&amp;sd=2021-09-16\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts\",\"datePublished\":\"2021-09-16T18:07:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\\\/\"},\"wordCount\":541,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=AQ10151&amp;sd=2021-09-16\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\\\/\",\"name\":\"CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/","og_locale":"en_US","og_type":"article","og_title":"CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts - Market Newsdesk","og_description":"PR Newswire CHICAGO, Sept. 16, 2021 \/PRNewswire\/ &#8212; CME Group,\u00a0the world&#8217;s leading and most diverse derivatives marketplace, today announced that its SOFR futures contracts reached a new record, surpassing one million contracts of open interest on September 15. SOFR futures open interest reached 1,004,882 contracts yesterday, marking its seventh-consecutive record open interest day: 09\/15\/2021 1,004,882 09\/14\/2021 951,157 09\/13\/2021 932,009 09\/10\/2021 921,028 09\/09\/2021 911,495 09\/08\/2021 894,362 09\/07\/2021 883,105 &#8220;We are pleased with the significant progress the market has made in adopting CME SOFR futures since we introduced these contracts nearly three and a half years ago,&#8221; said Agha Mirza, CME Group Global Head of Rates and OTC Products. &#8220;This milestone is reflective of the strong growth we&#8217;ve seen throughout the SOFR &hellip; Continue reading \"CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/","og_site_name":"Market Newsdesk","article_published_time":"2021-09-16T18:07:54+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=AQ10151&amp;sd=2021-09-16","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts","datePublished":"2021-09-16T18:07:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/"},"wordCount":541,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=AQ10151&amp;sd=2021-09-16","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/cme-group-sofr-futures-open-interest-sets-new-record-surpasses-one-million-contracts\/","name":"CME Group SOFR Futures Open Interest Sets New Record, Surpasses One Million Contracts - 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