CHICAGO, Nov. 21, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its suite of Adjusted Interest Rate (AIR) Total Return futures reached an open interest (OI) record of 710,358 contracts (equivalent to $224 billion notional) on November 20.
In addition, AIR Total Return futures average daily volume (ADV) stands at a record 11,600 contracts for 2024, up 152% year-over-year.
"More institutional investors are turning to our AIR Total Return futures to access U.S. index returns while managing interest rate, balance sheet and counterparty risks," said Paul Woolman, Global Head of Equity Products at CME Group. "These products provide a cost-effective alternative to OTC total return swaps and allow clients to better manage their equity financing risk by trading calendar spreads along the entire equity financing curve."
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