First Swaption Cleared On April 11, 2016
With strong support from buy- and sell-side market participants, CME Group launched interest rate swaptions on April 11. The initial product scope includes U.S. dollar-denominated interest rate swaptions with European-style exercise, a maximum 2-year option expiry and a maximum underlying swap tenor of 30 years.
CME now has seven approved swaptions clearing members, with the addition of two new members since August. We continue working to transform the swap clearing landscape by working with clearing members, liquidity providers and buy side clients to further expand the participant base for both client cleared and interdealer swaptions
For questions or information about the new cleared Swaptions offering: