Eris SOFR Open Interest hits 40K, sets record

Eris SOFR Open Interest sets

new record

Eris SOFR Swap Futures open interest stands at 40,741 contracts as of October 31, setting a daily record
October was a record month for block trades in Eris SOFR, with 33,962 contracts (nearly $3.4 billion notional)
3y Eris SOFR OI is 13,387 contracts, having grown more than 10X since May

Eris SOFR to inherit Eris Libor

Open Interest

On June 23, 2023, CME will convert remaining Eris Libor Swap Futures positions into Eris SOFR Swap Futures, per CME’s recently-finalized guidance
Eris Libor open interest currently exceeds 200,000, implying substantial growth for the Eris SOFR complex
CME also remains on track to convert Eurodollar futures and options positions into SOFR futures on April 14, 2023, and to convert Libor interest rate swaps to SOFR on April 21, 2023

Eris adds Block Market Makers

Updated contact list now includes 3 swap dealers

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.

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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.