The derivatives marketplace said open interest reached 35,120,066 contracts on 20 November, the highest on record.
Two days later, on 21 November, its interest rate futures and options complex recorded 44,839,732 contracts traded, the second-highest daily volume ever.
Agha Mirza, CME Group’s Global Head of Rates and OTC Products, said market participants were turning to CME’s platforms for “unparalleled efficiencies and liquidity across the yield curve” as they assess shifting economic conditions.
Mirza added that the latest figures highlighted how futures and options markets help clients “manage risk with precision and flexibility”.
CME Group is the world’s largest interest rate market, offering products tied to U.S. Treasuries, SOFR, Fed Funds and other benchmarks.
Treasury and SOFR contracts trade alongside cash securities via the CME Globex platform and BrokerTec, while portfolio margining allows clients to achieve more than $20 billion in daily margin savings across interest rate products.
The company also noted that its U.S. Treasury and SOFR futures are eligible for cross-margining with cash U.S. Treasury notes, bonds and certain repo transactions cleared through FICC, broadening the efficiency benefits for users.
