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Despite only two weeks since the migration to CME Group, the average daily volume of Eris Swap Futures has jumped to approximately 7,000 contracts per day, almost 300% of the YTD average prior to the migration.
Since December 1st over 75,000 contracts have traded, and 2018 peak-day volume of 25,101 contracts occurred on December 13th.
Market makers are streaming tight quotes across all seven tenors, in addition to responding to bi-lateral voice block and RFQ inquiries.
The new ease of access to Eris Swap Futures through CME Clearing member firms and the simple 100-indexed price format of the contract is driving interest from new participants that expect to commence trading in the New Year.
