CME Globex-listed Intercommodity Spreads (ICS) on Short-term Interest Rate futures, including the SOFR, Fed Funds, and ESTR futures, allow for more efficient execution of relative-value trades between money market rates, with reduced leg risk and enhanced liquidity.
All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
