CME Group: Now Available: SOFR Futures
Based on extensive customer input, CME Group has launched 3-Month and 1-Month SOFR futures contracts. Endorsed by the Alternative Reference Rate Committee (ARRC) in June 2017, the Secured Overnight Financing Rate (SOFR) is a broad Treasuries overnight repo financing rate published by the Federal Reserve Bank of New York in cooperation with the U.S. Office of Financial Research starting April 3, 2018.
SOFR Futures trade alongside highly-liquid Eurodollar, Fed Fund and Treasury futures to offer enhanced spread trading capabilities via CME Globex intercommodity spreads and capital efficiencies through margin offsets. Launched May 7, in the first two days of trading, sixty global firms participated in trading activity and open interest reached 2,500 contracts.
NOTICE: This message, and any attachments, are for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at E-Communication Disclaimer. If you are not the intended recipient, please delete this message. CME Group and its subsidiaries reserve the right to monitor all email communications that occur on CME Group information systems.