EURODOLLAR FUTURES - CONTRACT SPECS

Contract Unit $2,500 x Contract IMM Index
Price Quotation Contract IMM Index = 100 minus R

R = three-month London interbank offered rate for spot settlement on 3rd Wednesday of contract month.

E.g., a price quote of 97.45 signifies a deposit rate of 2.55 percent per annum. One interest rate basis point = 0.01 price points = $25 per contract.
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m.ET (5:00 p.m. - 4:00 p.m. CT).  Monday - Thursday 5:00 p.m. - 6:00 p.m. ET (4:00 p.m. - 5:00 p.m. CT) daily maintenance period.
Minimum Price Fluctuation Nearby expiry:
1/4 of one interest rate basis point / 0.0025 price points = $6.25

All other expiries:
1/2 of one interest rate basis point / 0.005 price points = $12.50

The new nearby expiry begins trading at 0.0025 price points on the last trading day of the current nearby expiry.
Product Code CME Globex: GE
CME ClearPort: ED
Clearing: ED
Listed Contracts Quarterly contracts (Mar, Jun, Sep, Dec) listed for 40 consecutive quarters and the nearest 4 serial contract months. List a new quarterly contract for trading on the last trading day day of the nearby expiry.
Settlement Method Financially Settled
Termination Of Trading Trading terminates at 11;00 a.m. London time on the 2nd London business day prior to the 3rd Wednesday of the contract month.
Settlement Procedures Eurodollar Future Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 452
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
All Or None Minimum All or None Minimums
Vendor Codes Quote Vendor Symbols Listing

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