International derivatives marketplace CME Group Inc (NASDAQ:CME) has just announced it marked a trading volume record for Eurodollar options yesterday, January 19, 2016.
On Tuesday – January 19th, Eurodollar options trading volume reached 4,279,584 contracts, beating the previous record of 3,493,675 set on June 24, 2013. Open interest in Eurodollar options also increased by 1.6 million to 30.76 million, up from 26.05 million at 2015 year end.
Agha Mirza, CME Group Global Head of Interest Rate Products, commented,
“As we continue to see global economic uncertainty, clients are utilizing CME Group’s Eurodollar options because of the deep and consistent liquidity. The contracts offer a diversity of participants, flexibility in strikes and expirations, and highly useful option tools and platforms for clients to manage their risk.”
CME Eurodollar options contracts are listed by and subject to the rules of the Chicago Mercantile Exchange.
The announcement comes just a week after CME Group announced that it set a record in 2015Â with FX options ADV up 23% from 2014 and with 96% of FX options now traded electronically.
You can view the latest announcement from CME by clicking here.