CME Group SOFR Futures Hit New Open Interest and Volume Records

Core Insights - CME Group has set a new record for open interest in SOFR futures, reaching 12,701,232 contracts on August 28, 2024, with an average daily volume of 3.5 million contracts year-to-date [1][2] Group 1: SOFR Futures Performance - The average daily volume for CME Group SOFR options is 1.6 million contracts year-to-date, with open interest exceeding 42 million contracts [2] - SOFR futures, launched in May 2018, have seen broad participation from various market participants including global banks, hedge funds, and asset managers [3] Group 2: Market Position and Offerings - CME Group is recognized as the world's leading derivatives marketplace, providing tools for managing interest rate risk with high efficiency and liquidity [2] - The company offers a wide range of global benchmark products across major asset classes, including interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals [4]