Now trading: Eris Options. 
Efficient, non-linear hedging arrives.

CME Group Eris Options have active order books with market makers now streaming two-sided prices. June trading totaled 1,222 contracts, with initial activity focused in the 2-year July expiry, as well as 2-year October and 10-year September.


The Eris Options launch follows the largest roll in Eris SOFR Swap futures history, with more than 1 million Eris SOFR contracts trading in June.

Exploring Eris Options? Here are five things you should know.

The best way to view Eris Options is through Bloomberg Options Monitor.


• 2Y: YITA Comdty OMON ‹GO›
• 5Y: YIWA Comdty OMON ‹GO›
• 10Y: YIYA Comdty OMON ‹GO›

2. Mind the Greeks

Users can find Delta, Gamma, and Vega in the Volume & Open Interest page. To view them, click the Options tab, choose an expiry (e.g., 2Y Aug 2026 – YITQ6), select a strike price (e.g., 98.125), and the Greeks will display. 

3. Compare with Swaptions

On the same VOI page, users can view volatilities and the equivalent swaption strike rate for each strike price, enabling straightforward comparison with OTC swaptions. We even translate between lognormal price volatility and normal rate volatility (also known as “BP Vol”).

4. Liquidity from leading options market makers

Market makers are actively streaming two-sided prices and are available for block trades. Click here for the list of block market makers.

5. Preserve capital with futures-style margining

Similar to forward-premium swaptions, Eris Options futures-style margining reduces the initial outlay required by option buyers, allowing them to preserve capital and retain flexibility in managing their interest rate risk. Click here to learn more about FSM.

Eris Essentials

CME Group Articles

• Four Methods to Hedge Non-QM & Maximize Profits (New)

• Unlocking Capital by Transitioning to Eris Swap Futures (New)

• 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

• Eris Options Fact Card (New)

• Eris Options Analytics Guide (New)

• Block Market Maker List

• 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

• Par Rate / Yield Calculator

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.