CME Group » Interest Rates » 1-MONTH EURODOLLAR
Interest Rates Products
View an Interest Rate Product
1-MONTH EURODOLLAR 
Quotes | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 

1-month Eurodollar futures
LIBOR futures are geared to one-month LIBOR (London Interbank Offered Rate) rates on a $3 million deposit. LIBOR is often used as the benchmark rate for commercial loans, mortgages and floating rate debt issues.

1-month Eurodollar futures provide a way to:

  • Hedge interest rate risk related to LIBOR
  • Improve hedging capabilities with shorter-term intervals for interest rate risk management
  • Take advantage of opportunities in changing price-yield relationships
  • Execute spread trading strategies

Things to know:

  • 12 consecutive 1-month Eurodollar futures are listed at any given time
  • Most trading occurs in the expiration months that correspond with the quarterly Eurodollar expirations – Mar, Jun, Sep and Dec
  • Contract is analogous to the quarterly Eurodollar contract, but represents one-month LIBOR on a $3 million deposit
  • Trades electronically on the CME Globex platform
    • Available virtually around the clock, around the world
    • Complete price transparency and anonymity
  • Also trades side-by-side on the CME Group trading floor during open outcry trading hours