Eris SOFR OI triples since May

Eris SOFR open interest triples,

sets new record

Eris SOFR open interest hit a new record of 35,034 contracts on Tuesday, September 6, just ahead of the quarterly roll commencing September 12
Open interest has increased more than 3X since May 31, driven in large part by block trades migrating Eris Libor positions to Eris SOFR
Short-end growth has been particularly strong, spurred in part by end users hedging recent renewals of credit facilities, now indexed to SOFR

CME Moves Forward with

Libor Conversion

CME announced Monday their proposal to convert CME Eurodollar futures and options into corresponding SOFR contracts on April 14, 2023
CME has proposed a fallback conversion of Eris Libor open interest to Eris SOFR for June 2023, and anticipates finalizing the proposal soon
CME also recently finalized the fallback conversion of cleared interest rate swaps on April 21, 2023

Eris markets on Bloomberg

We’ve recently improved our custom-built monitor for viewing Eris markets on Bloomberg, and we’d like to share it with you
The single-screen view features live markets for front-month Eris Libor and Eris SOFR, including features like DV01 and bid/ask spread converted to basis points
Send us an email with your Bloomberg username, or Bloomberg Message “Eris Innovations” requesting the Eris Monitor and we will share it with you

Eris Essentials

Eris Innovations is an intellectual property licensing company that partners with CME Group, ICE and other global exchanges to develop futures based on its patented product design, the Eris Methodology. CME Group lists Eris SOFR, Eris Libor and Eris BSBY Swap Futures for trading on the CBOT exchange.

info@erisfutures.com | www.erisfutures.com | 646-961-4489

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Disclaimer: The information contained herein does not constitute a prospectus, nor is it a recommendation to buy, sell or retain any specific financial instrument or security. The information has been provided to you for informational purposes only and is intended as a broad overview of certain aspects Eris swap futures products, and should not be considered as investment advice, legal advice, or tax advice. Although all effort has been made to provide accurate information Eris Innovations assumes no responsibility for any errors or omissions. Trademarks of Eris Innovations and/or its affiliates include Eris, Eris Innovations, Eris PAI, Eris Methodology, Eris Pricing Engine and the Eris Logo. All other trademarks, service marks, trade names, product names and logos are the property of their respective owners. Certain elements of the contract design and pricing construct are covered by U.S. Patent No. 9,747,641. Other patents-pending. All Rights Reserved.