CHICAGO, Sept. 3, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that open interest in its deeply liquid SOFR futures set a new record of 12,701,232 contracts on August 28, as the product's average daily volume (ADV) reached a record 3.5 million contracts year-to-date.
"As market participants navigate changing expectations around monetary policy, they are turning, in record numbers, to the deep liquidity of CME Group SOFR futures and options, which are the world's leading tools for managing interest rate risk with precision and efficiency," said Agha Mirza, CME Group Global Head of Rates and OTC Products. "Across our SOFR, U.S. Treasury and Fed Funds complexes, clients can hedge or gain exposure to the entire U.S. yield curve with unrivaled efficiency and liquidity."
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