CME Group, the world’s leading and most diverse derivatives marketplace, announced that SOFR futures volume surpassed 1 million contracts for the first time, reaching a new, single-day trading volume record of 1,308,621 contracts and setting a new open interest (OI) record of 2,804,640 contracts on January 26.
Liquidity continues to shift to #SOFR.
Yesterday's record volume of 1.3M contracts was 31% of Eurodollars, while OI reached 25%. pic.twitter.com/5RrihOpaxS
— CME Group (@CMEGroup) January 27, 2022
“These trading milestones reflect that market participants are increasingly turning to CME Group’s deeply liquid SOFR futures and options to manage their risk,” said Agha Mirza, CME Group Global Head of Rates and OTC Products. “Since the start of 2022, liquidity has continued to shift to our SOFR-based derivatives at an accelerated pace, with SOFR futures open interest now equivalent to nearly 25% of all Eurodollar futures open interest.”
To date in January 2022, SOFR futures average daily volume (ADV) has grown to 664,603 contracts per day, up from nearly 290,000 contracts per day on average during December 2021. At the same time, Eurodollar and SOFR futures and options ADV at CME Group has grown to more than 4.6 million contracts a day, with the majority of these futures contracts linked to each other through the ISDA spread.
The prior records for SOFR futures daily volume and OI were 888,370 contracts traded on January 24 and 2,721,395 contracts OI on January 25 respectively.
SOFR futures are listed with and subject to the rules of CME. For more information on SOFR futures, please visit www.cmegroup.com/sofr.
Source: CME
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
Expanding membership is an OCC priority for capital efficiency, risk reduction and operational simplicity.
-
The smallest contract in CME's crypto complex will provide greater precision and market accessibility.
-
End-user clients would benefit from increased capital and margin efficiencies.
-
This opens a path for FCMs to use digital assets as customer collateral under CFTC regulation.
-
The monthly average daily volume record was set in April 2025.