- Eris SOFR open interest continued its recent growth, with front-month OI reaching 200,000 contracts for the first time on November 15, 2024
- Total open interest exceeds 321,000 contracts, up more than 90% year to date
- Eris Innovations’ CEO Michael Riddle credits the recent growth to CME Portfolio Margining (PM). “Hedgers can think about open interest differently in a contract like Eris SOFR where market makers have such efficient swap hedges in the same clearinghouse,” he said. “For example, 16 times this year we’ve seen front-month OI in 10-year Eris SOFR grow by at least 5% in a single day, reflecting hedgers’ confidence in amassing sizable positions.”
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