June 3rd, 2019
Eris Swap Futures Open Interest Surges at CME
Since the game-changing move to CME Group in December 2018, easy access to Eris Swap Futures has streamlined user implementation and accelerated growth.
  • Front month open interest (OI) growth accelerated in May, and is now 308% of Q4'18 and over 400% of Q2'18 (yoy)

  • Eris 10 yr (CME & Bloomberg contract code: LIY) has been the largest driver of this growth, with front contract OI now exceeding 30,000 contracts

  • Average daily volume (ADV) has also grown to 330% of the 2018 average pre-CME

  • May 2019 ADV was 6,590 contracts daily; a new record for a non-roll month

  • OI & ADV milestones position Eris well for another record roll volume month in June

  • Eris order book liquidity for the month of May was at or close to the tightest levels for all tenors; click charts for more detailed contract bid/ask analysis
Eris Swap Futures are CME Group products, providing market participants the most widely accessible and efficient U.S. dollar interest rate swap instrument that is suitable for both trading and hedging purposes.

Eris Innovations | 646-961-4480 | [email protected] | www.erisfutures.com