Eris SOFR quarterly volume sets new records in May

• Eris SOFR volume continued its recent growth in May, with rolling quarterly ADV setting an all-time record of 23,849 on May 22
• Rolling quarterly ADV ended the month 68% higher than last year, and up more than 300% from two years ago
• A 20-basis-point sell-off drove significant rebalancing activity among hedgers, contributing to 12 block trades of at least 300,000 DV01 in May
• Overall, there were 324 block trade legs executed totaling more 262,000 contracts ($26.2B notional) during the month

Eris Options launch June 15. 
Are you ready?

• June 15 is the launch date for Eris Options, which offer swaption-style risk in listed CME Group options
• As you prepare for launch, please tap these resources and be sure to share them with your clearing firm and vendors
• Main product page: Product highlights, key features, resource links
• Fact Card: Includes detailed product specifications
• CME Client Impact Assessment: iLink and MDP details
• CME Clearing Advisory: For Futures Commission Merchants (FCMs)
• Block Market Maker Directory: Four market makers at launch
• Vendor codes for third-party market data and risk systems

Mortgage podcast: 
Hedging non-agency pipeline

• Eris SOFR Product expert Geoffrey Sharp joined host Robbie Chrisman on the May 11 podcast episode of The Chrisman Commentary, a widely-followed mortgage industry source covering interest rates, capital markets, and housing finance
• Geoff discussed the non-agency hedging challenge: Unlike agency loans, there is no TBA-equivalent forward market for non-agency pipelines
• Eris SOFR Swap futures offer originators a liquid, capital-efficient tool to offset benchmark interest rate risk without relying on third-party rate sheets 

Eris Essentials

CME Group Articles

• 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.