Multiple $1B+ block trades power record open interest

• Multiple block trades of 10,000 contracts ($1 billion notional) or more have occurred across various Eris SOFR tenors recently, including a pair of $1.2mm DV01 trades in 10-year Eris SOFR (YIY)
• For additional execution details, see Trade Recap (Nov 5 block trades), Trade Recap (Nov 3 block trades), and Trade Recap (Oct 28 block trades)
• These six trades rank among 68 blocks this year exceeding 300,000 DV01 in outright risk
• To see large block trades as they hit the tape, be sure to request the Bloomberg Launchpad for Eris SOFR and subscribe to CME Group Block Trade Alerts

Open interest crosses 475K,

up 97% YTD

• Eris SOFR open interest topped 475,000 contracts for the first time November 3, nearly doubling YTD (+97%), continuing the growth unlocked by the launch of portfolio margining with swaps in 2023 
• 10-year Eris SOFR (YIY) leads individual tenors with 194K open interest, followed by 5-year (YIW) with 123K, 2-year (YIT) with 80K, and 3-year (YIC) with 33K contracts, all at or near record highs
• View Historical Open Interest using interactive charts that update daily

Eris is hiring!

• We’re expanding the team to accelerate growth and cook up cool new things we haven’t announced yet (subtle foreshadowing!), and we need your help to find good people 
• New job openings, all remote/hybrid positions:
• Director, Sales, Buyside Investment Management
• Senior Analyst, Market & Product Development
• Senior Software Engineer
• Informal referral bonuses include some combination of scotch, steak and good karma

Eris Essentials

CME Group Articles

• Trading swap spreads with futures: A primer for Eris/Treasury Swap Spreads

• CME Group paper: Hedge accounting for the masses: How futures and FASB changed hedging forever

• REITs are Switching to Swap Futures to Free Up Cash

• Mortgage Servicing Rights (MSR) Owners turn to Futures to Hedge Interest Rate Moves

Hedger Introductions

• Eris SOFR for Hedging Loan Commitments

• Eris SOFR for Bank ALM

• Eris SOFR for Private Lenders

• Eris SOFR for MSR hedgers

• Eris SOFR for REIT’s

Other Eris Resources

• Product Details: Eris SOFR

• Product Details: Eris/Treasury Swap Spreads

• Live Eris markets

• Eris SOFR Daily Cash Flows page

• Margin savings vs. swaps

• Eris SOFR FCM & Broker List

• Historical Open Interest

• Trade Log (now with DV01!)

• Par Rate / Yield Calculator (recently enhanced)

Eris Innovations is an intellectual property licensing company that partners with CME Group to develop futures based on its patented product design, the Eris Methodology. CME Group lists Eris SOFR Swap futures for trading on the CBOT exchange.

info@erisfutures.com | www.erisfutures.com | 646-961-4489

Disclaimer: The information contained herein does not constitute a prospectus, nor is it a recommendation to buy, sell or retain any specific financial instrument or security. The information has been provided to you for informational purposes only and is intended as a broad overview of certain aspects Eris swap futures products, and should not be considered as investment advice, legal advice, or tax advice. Although all effort has been made to provide accurate information Eris Innovations assumes no responsibility for any errors or omissions. Trademarks of Eris Innovations and/or its affiliates include Eris, Eris Innovations, Eris PAI, Eris Methodology, Eris Pricing Engine and the Eris Logo. All other trademarks, service marks, trade names, product names and logos are the property of their respective owners. Certain elements of the contract design and pricing construct are covered by U.S. Patent No. 9,747,641. Other patents-pending. All Rights Reserved.