On May 21, CME Group was selected by the Alternative Reference Rates Committee (ARRC) to publish its recommended forward-looking SOFR term rates, following a robust RFP process.
To bring expanded choice and new risk management capabilities to short-term funding markets, CME Group will launch futures and cleared swaps on the Bloomberg Short-Term Bank Yield Index (BSBY) – a forward-looking, credit-sensitive reference rate that tracks the US wholesale unsecured funding market.
Available to trade in Q3*, BSBY futures will offer:
*Subject to regulatory review
Peso-denominated, monthly F-TIIE futures are now trading, bringing efficient price discovery and hedging to the Central Bank of Mexico's overnight F-TIIE rate.
In first week of trading, F-TIIE futures saw multiple participants begin to trade.
Eris SOFR Swap futures
Data as of May 28, 2021, unless otherwise specified