CME Group Adjusted Interest Rate Total Return Futures Reach Record Open Interest, Volume

CHICAGO, May 24, 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 503,000 contracts on May 22.

In addition, AIR Total Return futures average daily volume stands at 8,200 contracts for 2024, up a record 78% year over year.

“As market participants continue to navigate a changing interest rate environment, they are increasingly looking for products that provide critical cost savings and flexibility to manage their risk,” said Paul Woolman, Global Head of Equity Products at CME Group. “Our suite of AIR Total Return futures provide an effective and cost-efficient alternative to OTC equivalents, all with the added benefits of pricing transparency and deep liquidity that come with on-exchange trading.”

Additional trading highlights for AIR Total Return futures year-to-date include:

Average OI is 430,000 contracts, up 25% year over year.OI represents more than $138 billion in equivalent equity index notional value, an increase of 40% year over year.Record 42 large open interest holders on May 14 (defined by participants holding 1,000 or more contracts).

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.

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.

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SOURCE CME Group