CME Group Adjusted Interest Rate Total Return Futures Reach Record Open Interest of 1 Million Contracts

Core Insights - CME Group announced record open interest of over 1 million contracts (equivalent to $365 billion notional) and a single-day volume record of 109,000 contracts (equivalent to $40 billion notional) for its Adjusted Interest Rate (AIR) Total Return futures on September 11, 2025 [1] - The average daily volume for AIR Total Return futures in 2025 stands at a record 25,000 contracts, reflecting an 80% year-over-year increase [2] - Institutional investors are increasingly utilizing AIR Total Return futures to access U.S. index returns while managing interest rate, balance sheet, and counterparty risks [3] Product Details - AIR Total Return futures are based on the Effective Federal Funds Rate and are available for major global indices including S&P 500, Nasdaq-100, Russell 1000, Russell 2000, and Dow Jones Industrial Average [3] - AIR Total Return futures based on the Secured Overnight Financing Rate (SOFR) are also available on the S&P 500 [3] Market Position - CME Group is recognized as the world's leading derivatives marketplace, enabling clients to trade a wide range of products including futures, options, and OTC markets [5] - The company provides capital efficiencies in equity markets, allowing clients to better manage their equity financing risk through trading calendar spreads [3]