CME Group’s AIR Total Return Futures Hit Record 1 Million Contracts
The derivatives exchange also reported a single-day trading record of 109,000 contracts, worth $40 billion notional, on 11 September. The contracts, designed to replicate the economics of total return swaps while adjusting for interest rate risk, are gaining traction among institutional investors. Average daily volume for 2025 has reached 25,000 contracts, marking an 80% increase…
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