As the fundamental building block of the financial market, Eurodollar futures and options are the preferred tool of traders to express views on future interest rate moves. With unrivaled book depth and deep liquidity out more than five years, you can effectively target interest rate risks that matter to you.
Latest Interest Rates news
Features and benefits
Unsurpassed liquidity
Take advantage of the world’s most actively traded futures contract, with unrivaled book depth and tight bid- ask spreads.
Global barometer of money flows
Gain insight into global capital flows, credit demand & rate expectations.
Flexible execution
Access liquidity via the central limit order book, blocks and EFRPs.
Expansive non-linear liquidity
With 80 expirations listed at any given time, ranging from 1 week to 4 years, Eurodollar options offer unprecedented flexibility for fine tuning risk exposures.
Explore this product in depth
Track forward-looking risk expectations on short-term interest rates with the CME Group Volatility Index (CVOLTM), a robust measure of 30-day implied volatility derived from deeply liquid options on Eurodollar futures.
Products
SOFR futures
As the leading source of liquidity on the Secured Overnight Financing Rate (SOFR), CME SOFR futures are increasingly relied upon for managing exposure to short-term funding markets. SOFR futures trade alongside Eurodollars and Fed Funds to offer seamless spread trading and margin offsets of up to 70%.
Eurodollars and the STIR ecosystem
Trade Eurodollars and related interest rate products to manage basis risk, capture relative-value opportunities, and unlock cross-margin savings.
Eurodollars and 3-Month SOFR
A capital-efficient, 1:1 inter-commodity spread for managing LIBOR-SOFR basis risks with up to 70% margin offsets
Eurodollars and Fed Funds
A capital-efficient proxy to the LIBOR/OIS spread with margin offsets of up to 60%
Eurodollar Packs and Bundles
Packs and bundles provide an efficient mechanism for trading strips of consecutive Eurodollar futures contracts in a single transaction
Eurodollars and Cleared Swaps
Portfolio margining IRS with Eurodollars offers indicatvie margin savings of 70%-97% on popular convexity bias trades (FRA vs. ED, Swap vs. ED Strip)
Margins offsets are subject to change based upon market conditions.
View the latest insights on trends in the Interest Rate futures and options market.
Courses
Take self-guided courses on Eurodollar futures and options products.
If you're new to futures, the courses below can help you quickly understand the Eurodollar market and start trading.
Contact an Interest Rate expert
Connect with a member of our expert Interest Rate team for more information about our products.
Track forward-looking risk expectations on short-term interest rates with the CME Group Volatility Index (CVOLTM), a robust measure of 30-day implied volatility derived from deeply liquid options on Eurodollar futures.
