CHICAGO, Nov. 20,
2023 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that S&P 500 Adjusted
Interest Rate (AIR) Total Return futures reached an open interest
(OI) record of 414,000 contracts on November
15, surpassing the prior record of 408,000 contracts on
November 14.
AIR Total Return futures average daily volume stands at 4,220
contracts for 2023, up a record 54% year over year. Additionally,
open interest represents more than $100
billion in equivalent equity index notional value, an
increase of 49% year over year.
"As evidenced by our record open interest and average
daily volumes, market participants are embracing these products as
a listed alternative to OTC total return swaps as UMR impacts
investors more broadly after Phase 6," said Paul Woolman, Global Head of Equity Products at
CME Group. "We look forward to continuing to grow the volume and
participation in these products to help clients meet their risk
management needs."
AIR Total Return futures are available across a range of major
global indices – S&P 500, Nasdaq-100, Russell 1000, Russell
2000, Dow Jones Industrial Average, and the FTSE 100.
For more information, visit www.cmegroup.com/airtrf
About CME Group
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign exchange, energy,
agricultural products and metals. The company offers futures and
options on futures trading through the CME Globex platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's leading
central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board of
Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe
LTD and EBS Group LTD, respectively.
The S&P 500 Index is a product of S&P Dow Jones Indices
LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US
500 and The 500 are trademarks of Standard & Poor's Financial
Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average
are service and/or trademarks of Dow Jones Trademark Holdings LLC.
These trademarks have been licensed for use by Chicago Mercantile
Exchange Inc. Futures contracts based on the S&P 500 Index are
not sponsored, endorsed, marketed, or promoted by S&P DJI, and
S&P DJI makes no representation regarding the advisability of
investing in such products. All other trademarks are the property
of their respective owners.
CME-G
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SOURCE CME Group