Understanding STIR Futures

Course Overview

Short-Term Interest Rate (STIR) futures offer one of the deepest pools of centralized liquidity in the markets, giving traders a cost-effective way to trade or hedge short-term fluctuations in money market interest rates. In this course, we will review pricing mechanics and product information of CME Group’s benchmark STIRs products and Fed Fund futures, along with recently launched Alternative Reference Rate products: SOFR and SONIA futures.