#United States #Chicago #CME Group #Derivatives #U.S. Treasury

CME Group's Record-Breaking Open Interest in U.S. Treasury Futures

In a remarkable achievement, CME Group, recognized globally as the premier derivatives marketplace, has announced a groundbreaking milestone: open interest (OI) in its U.S. Treasury futures and options has surged to an unprecedented 35,120,066 contracts. This historic figure was recorded on November 20, 2025, further solidifying CME Group’s dominance in the interest rate derivatives market.

Following this record, the CME Group witnessed an astonishing trading volume of 44,839,732 contracts on November 21, marking the second-highest daily volume of contracts traded in its history. Such figures clearly reflect the increasing engagement of market participants amid the current economic uncertainties and shifts in monetary policy.

Agha Mirza, the Global Head of Rates and OTC Products at CME Group, elaborates that market dynamics surrounding economic growth and the Federal Reserve's monetary easing initiatives have prompted participants to seek the unmatched liquidity and efficiency offered by their platforms. The strong performance in open interest and volume signifies how effectively CME Group's products assist clients in managing their risk with precision and flexibility.

CME Group is acknowledged as the leading market for interest rate derivatives, providing a platform for an extensive array of benchmark products. This includes U.S. Treasuries, SOFR (Secured Overnight Financing Rate), Fed Funds, TBA (To Be Announced), and various credit products. These offerings allow clients to trade seamlessly on the CME Globex platform while also integrating with BrokerTec cash securities.

Moreover, CME Group’s interest rate products offer clients access to significant margin savings, exceeding $20 billion daily. These products also qualify for portfolio margining alongside other cleared interest rate swaps and futures, as well as cross-margining options with FICC-cleared cash U.S. Treasury notes, bonds, and specific repo transactions.

The latest stats illustrate the robust performance of CME Group in facilitating risk management during a tumultuous market environment. The significant jump in open interest aligns with prevailing economic conditions and investor strategies, as market players actively leverage the CME’s expansive suite of futures and options to navigate their investment strategies.

As a leading derivatives marketplace, CME Group (www.cmegroup.com) empowers clients to trade futures, options, cash, and over-the-counter (OTC) markets, enabling optimized portfolio management and data analytics. This capability allows market participants around the globe to effectively manage their risks and seize emerging opportunities. CME Group exchanges encompass a vast array of global benchmark products spanning all major asset categories, including interest rates, equity indexes, foreign exchange, cryptocurrencies, energy, agricultural commodities, and metals.

Furthermore, CME Group provides futures and options trading through the CME Globex platform, while facilitating fixed income trades via BrokerTec and foreign exchange transactions on the EBS platform. As an essential component of this ecosystem, CME Clearing operates as one of the world’s foremost central counterparty clearing providers.

In conclusion, the recent landmark achievement of CME Group not only illustrates its industry leadership but also showcases the vital role it plays in providing a dynamic marketplace for managing risk amid constant economic fluctuations. It is a testament to the innovative and responsive nature of CME Group’s offerings that clients can rely on during challenging times.