The exchange said the contracts will cover two-year, five-year and 10-year tenors and will be eligible for margin offsets with other cleared interest rate products.
CME Group is planning to launch options on Eris SOFR (Secured Overnight Financing Rate) Swap futures within its broader US$ interest rate derivatives offering on 16 June. The contracts will be listed by, and subject to, Chicago Board of Trade (CBOT) rules. More than 10m Eris SOFR Swap futures have traded since their October 2020 debut Agha Mirza, global head of rates and over-the-counter (OTC) products at CME Group, said: ‘Eris SOFR Swap options will provide clients with additional fle