CME Group SOFR Futures Reach New Volume and Open Interest Records

Core Insights - CME Group's SOFR futures have achieved record average daily volume (ADV) of 5.4 million contracts in September and an open interest record of 13,159,646 contracts on September 17 [1][2] - The number of large open interest holders (LOIH) for SOFR futures has reached a record 1,144, indicating strong market participation [1][2] Volume and Open Interest - SOFR options ADV in September reached 2.5 million contracts, marking the second-highest level ever, with open interest exceeding 44.5 million contracts [2] - The growth in liquidity across the SOFR curve is highlighted by these new records in ADV, open interest, and LOIH [2] Market Participation - Launched in May 2018, CME Group SOFR futures have seen broad participation from various market participants, including global banks, hedge funds, and asset managers [3] - The contracts are designed for margin offsets against adjacent futures and options, as well as portfolio margining with cleared interest rate swaps [3] Company Overview - CME Group operates as the world's leading derivatives marketplace, facilitating trading across futures, options, cash, and OTC markets [4] - The company provides a wide range of global benchmark products across major asset classes, including interest rates, equity indexes, and foreign exchange [4]