Eris Innovations - Creators of Eris SOFR Swap futures

Interest rate risk remains a thorny issue for community banks, but why does it persist? Because until now, banks haven’t had a simple, cost-effective, and accessible tool to manage balance sheet exposure. Eris SOFR Swap futures are changing the paradigm. Join us via webinar with the ICBA Independent Banker to discover how swap futures can help your institution: - Reduce interest rate risk with precision - Limit counterparty credit exposure - Gain access to data-rich insights only available through the exchange Webinar registration link: https://lnkd.in/gXH8twZj Can’t wait for the webinar? Learn about Eris SOFR swap futures at www.erisfutures.com, or through the CME Group Interest Rates website at https://lnkd.in/gPhs2zff

🔥 Eris SOFR Swap futures hit a new record of 506,487 contracts yesterday, crossing 500K for the first time! Daily volume was 85,000 contracts ($8.5bn, $4.5mm DV01) including 8 block trades of 2,000 contracts or more. 📣 Open interest has more than doubled YTD, driven by new institutional investors looking to save 60-70% on initial margin by using swap futures instead of swaps. Eris SOFR contracts are native CME Group Interest Rates products.

Come find us at the American Bankers Association Annual Convention next week in Charlotte, NC. Our very own Craig Haymaker, CPA – Managing Director, Hedging Solutions – will proudly represent Eris Innovations at one of the largest banker gatherings of the year! Don’t be shy – say hi to Craig if you see him and pick his brain on all things #interestrate #riskmanagement over a cup of coffee or tea. We value deeply our partnership with banks of all sizes and are committed to supporting their balance sheet management needs. Our team works tirelessly to educate, enable, and empower banks to hedge with interest rate swap futures so that they can i) protect capital, ii) offer competitive rates, iii) retain depositors and iv) continue to support their communities in this wildly competitive market. Excited to learn about swap futures? Discover simplified, accessible hedging tools at www.erisfutures.com, or at the CME Group Interest Rates website at https://lnkd.in/gPhs2zff.

Eris Innovations - Creators of Eris SOFR Swap futures is proud to be a sponsor of the annual NPLA Conference in Scottsdale AZ from Sept 29-30. Look out for Geoffrey Sharp & John Douglas. Regardless of whether you are a lender, aggregator or investor, reach out to them to discuss how you could be easily and efficiently hedging the interest rate risk in your business!

New article from CME Group Interest Rates explains how margin efficiency expanded market maker capacity for Eris SOFR Swap futures, enabling larger block trades that got the attention of additional dealers, which in turn has attracted asset managers. With data-driven examples, the article traces Eris SOFR's evolution over the past three years, citing recent block trading activity, especially in off-the-run contracts, as evidence of its growth into a liquid, institutional market.

Three new records! Here’s what happened on Thursday: - New all-time volume record: 374,883 contracts traded September 10, smashing the previous record from September 9 - New all-time total Eris SOFR open interest (OI) record: 857,293 contracts - New all-time Eris SOFR front month OI record: 554,292 contracts Explore the Eris SOFR trading activity at www.erisfutures.com.