Eurodollar Futures and Options

Eurodollar Futures and Options

View Eurodollar Products

A cost-effective way to hedge Short-Term U.S. Interest Rates, CME Group’s Eurodollar futures and options are the preferred tool for professional traders who want to express a view on future interest rate moves. 

Key Benefits

Reflecting market expectation for interest rates, Eurodollar futures are a global benchmark and a fundamental building block of the interest rate marketplace, while options on Eurodollar futures are among the most actively traded Exchange-listed Interest Rate options contracts in the world.

  • Unsurpassed liquidity - consistently tight bid/offer spreads
  • Lower transaction costs
  • Diverse trading opportunities
  • Price transparency
  • Mid-curve options offer a low premium, high time decay
Clearing Globex Floor ClearPort Product Name Exchange Product Group Subgroup Cleared As Volume Open Interest
ED GE - ED Eurodollar Futures CME Interest Rate Stirs Futures 1,657,091 14,034,079
ED GE CE / PE ED Eurodollar Options CME Interest Rate Stirs Options 535,261 28,040,468
E0 GE0 E0 E0 Eurodollar 1yr MC Options CME Interest Rate Stirs Options 225,214 7,869,859
E2 GE2 E2 E2 Eurodollar 2yr MC Options CME Interest Rate Stirs Options 160,936 5,416,558
E3 GE3 E3 E3 Eurodollar 3yr MC Options CME Interest Rate Stirs Options 24,489 2,332,349
E4 GE4 E4 E4 Eurodollar 4yr MC Options CME Interest Rate Stirs Options 11,335 238,426
Trade Date: 17 Aug 2018 | FINAL

Eurodollar Resources

What's Next for LIBOR and Eurodollar Futures
This paper examines four key points one should keep in mind when considering recent ARRC and FCA announcements.

Introduction to Eurodollars
Get an overview of Eurodollar futures and options, a cost effective way to hedge short-term U.S Interest rates.

Eurodollar Toolkit
Get access to all the resources you need to learn about CME Group Eurodollar futures and options.

Eurodollar Trading Basics
Use CME Group Eurodollar products to express a view on market uncertainty caused by anticipation of when the FOMC will raise the Fed Funds target rate.

Related Information

Term Mid-Curve Options
Three-, six-, and nine-month Mid-Curve options offer flexibility to trade short-dated 1-3 month options on white quarterly Eurodollar futures.

Short-Term Interest Rate Intercommodity Spreads (ICS)
CME Globex listed STIR ICS offer efficient execution of a common trading strategy, reduced leg risk on executions and formation of spread liquidity.

Optimization Center
Discover the benefits of trading futures instead of swaps and how you can get started in the futures market.

Interest Rate Blocks
Learn how to take advantage of privately-negotiated futures trades between eligible counterparties.

Get Started with Eurodollar Futures

Eurodollars play an important role in the global economy. Take this course to get a better understanding of how the Eurodollar market works, how participants worldwide manage risk and express views on this market by trading liquid Eurodollar futures and options.

What is LIBOR/What is Eurodollar
Understanding IMM Price and Date
What is the Eurodollar Settlement Process (cash settled)
The Importance of Basis Point Value (BPV)

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