CHICAGO, Nov. 21,
2024 /PRNewswire/ -- CME Group, the world's leading
derivatives marketplace, today announced that its suite of Adjusted
Interest Rate (AIR) Total Return futures reached an open interest
(OI) record of 710,358 contracts (equivalent to $224 billion notional) on November 20.
In addition, AIR Total Return futures average daily volume (ADV)
stands at a record 11,600 contracts for 2024, up 152%
year-over-year.
"More institutional investors are turning to our AIR Total
Return futures to access U.S. index returns while managing interest
rate, balance sheet and counterparty risks," said Paul Woolman, Global Head of Equity Products at
CME Group. "These products provide a cost-effective alternative to
OTC total return swaps and allow clients to better manage their
equity financing risk by trading calendar spreads along the entire
equity financing curve."
To provide clients with further precision, effective
December 9, additional monthly
expirations will become available for AIR S&P 500 Total Return
futures based on the Effective Federal Funds Rate (EFFR). These
will complement existing quarterly and annual January
contracts.
AIR Total Return futures, based on the EFFR, 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. AIR Total Return futures based on the Secured Overnight
Financing Rate (SOFR) are available on the S&P 500.
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 is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. 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