The operator of the derivatives market also reported that the average daily volume of SOFR options and futures traded reached 4.7M contracts during the first two weeks in January.
CME Group stated the following in its official press release:
Month-to date January 2023 SOFR futures AV is equivalent to 572% Eurodollar Futures ADV, and SOFR options AV is equivalent to 1,334% Eurodollar Options ADV.
The Group reported a record daily volume (ADV), 23.3 million contracts, in 2022. This is a 19% rise over the previous years.
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