CME Eurodollar Futures
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A benchmark for investors globally, CME Eurodollar futures provide a valuable, cost-effective tool for hedging interest rate fluctuations on Eurodollars, which are U.S. dollars deposited in commercial banks outside the United States. Together, CME Eurodollar futures and options on futures lead the industry with open interest over 40 million and average daily volume of 3.0 million.

Plus, with over 85% of CME Eurodollar futures trading electronically on the CME Globex platform, portfolio managers can hedge short term interest rate risk with a variety of trading strategies, like Butterflies, Packs and Bundles, around the clock from around the world.

Recent Enhancements
Implied Spread and Maximum Order Size Functionality Enhancements (PDF)

Block Trades
A Block Trade is a strictly regulated privately negotiated futures transaction executed apart from the public auction market, either on or off the Exchange trading floor.

Up-to-date Block Trades
Block Trade Overview
Block Trading FAQ (PDF)

Exchange for Physical (EFP) / Exchange Basis Facility (EBF)
An EBF for interest rate products is the same as an Exchange for Physical transaction. Both parties involved in an EBF agree to simultaneously exchange “cash for futures” and then report the details of the transaction to CME Clearing.

EFP/EBF Overview

Substitutions
Substitutions, or “Subs”, allow market participants to streamline the transaction process, consolidate OTC and futures positions for administration and clearing, and work with a single counterparty - CME Clearing.

Subs Overview
Substitutions of Futures for Forwards (PDF)

Benefits of trading CME Eurodollar futures:

  • Flexibility - CME continues to develop new, innovative products that provide even more flexibility for CME Eurodollar futures and options including: CME Eurodollar 5-Year E-mini BundlesCME Eurodollar BundlesCME Eurodollar Packs,Serial CME EurodollarsWeekly Mid-Curve Options, Treasury Matched Mid-Curve Options, and CME Subs
  • Concentrated Liquidity - Consistently tight bid/ask spreads and lower transaction costs for our clients
  • Price Transparency - Open, fair and anonymous trading environment with market prices universally available in real-time
  • Variety of Trading opportunities - Including outright long or short positions, spreading against other instruments, hedging and arbitrage strategies
  • Ease of Trading - Electronic trading on CME Globex provides reduced connectivity costs, increased accessibility, and fast, efficient trading

  • CME Lehman Brothers U.S. Aggregate Index Futures
    On October 1, CME Group will launch futures on the Lehman Brothers U.S. Aggregate Index, the preeminent benchmark debt index for U.S. investment-grade fixed income securities. For more information visit www.cme.com/lehman or email interestrates@cmegroup.com.
  • CME Swaps on Swapstream – Coming Q1 2008
    In Q1 2008, CME Group will launch CME Swaps on Swapstream, the first OTC interest rate swap to offer the full benefits and financial safeguards of central counterparty clearing. CME Swaps on Swapstream will include forward-dated interest rate swaps denominated in USD and EUR and will be traded on the Swapstream sPro™ platform. For more information, visit www.cme.com/swaps or contact Steve Dayon 312.435.7225 or Peter Barker at 312.930.8554.
  • Enhanced CME EOS Trader Demo
    Visit www.cme.com/eos to experience the enhanced functionality of CME EOS Trader with our new demo complete with user defined spreads, covereds and order management
CME Eurodollar Futures (PDF) 2007 Fee Enhancements (PDF)
Eurodollar Daily Settlement CME Clearing360
Pre-Execution Q&A  
Futures and Options
EURO $ MAR08
95.675
-2
Updated:
10/26/07 03:22 PM CST
CME RTH Flash Quotes
EURO $ MAR08
95.665
-3
Updated:
10/26/07 03:22 PM CST
CME Globex Flash Quotes