Eris SOFR Open Interest Triples, Sets New Record

Date 07/09/2022

Eris SOFR open interest hit a new record of 35,034 contracts on Tuesday, September 6, just ahead of the quarterly roll commencing September 12
Open interest has increased more than 3X since May 31, driven in large part by block trades migrating Eris Libor positions to Eris SOFR
Short-end growth has been particularly strong, spurred in part by end users hedging recent renewals of credit facilities, now indexed to SOFR