CME Group Credit Futures Reach New Volume and Open Interest Milestones

Rhea-AI Summary

CME Group (NYSE:CME), the world's leading derivatives marketplace, has announced significant milestones for its credit futures products. Trading volume has exceeded 450,000 contracts since their June 2024 launch, while open interest (OI) reached a new high of 6,800 contracts, representing over $700 million in notional value as of September 4, 2025.

The credit futures, based on Bloomberg U.S. corporate bond indexes, are the first contracts offering duration risk management through intercommodity spread with U.S. Treasury futures. The products feature automatic margin offsets against CME Group's interest rate and equity futures, contributing to $60 billion in daily efficiencies across asset classes.

Positive

• Trading volume surpassed 450,000 contracts since launch
• Open interest reached new high of 6,800 contracts ($700M+ notional value)
• Provides $60 billion in daily efficiencies through margin offsets
• First futures contracts offering duration risk management with U.S. Treasury futures

Negative

• None.

• Volume surpasses 450,000 contracts since launch
• OI hits new high of 6,800 contracts representing over $700 million notional value

CHICAGO, Sept. 8, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that trading volume in its investment grade and high yield credit futures surpassed 450,000 contracts, as open interest (OI) reached 6,800 contracts on September 4.

"With U.S. credit spreads near historic lows, clients are looking for new sources of liquidity to help them mitigate credit risk with precision and efficiency," said Agha Mirza, CME Group Global Head of Rates and OTC Products. "As uncertainty continues across markets, our credit futures provide clients with a cost-effective hedging solution for corporate bond indexes, with automatic margin offsets available against interest rate and equity futures."

"CME Group credit futures are an efficient tool for global institutional investors, offering a streamlined way to manage credit risk and gain targeted exposure. The duration-hedged contracts and derived block functionality are particularly unique, providing enhanced management of credit exposure and flexibility of execution," said Joe Paccione, Americas Head of Futures and Options Sales and Execution, and Sanaz Fazeli, Co-Head Global Macro Credit Sales, J.P. Morgan.

"Credit futures provide an efficient and flexible tool for managing risk in corporate bonds," said Matthew Angelucci, Portfolio Manager at PGIM Fixed Income. "Across investment grade and high yield debt, our clients can isolate credit and duration risk, while gaining margin offsets with CME Group's deeply liquid futures markets."

CME Group credit futures are the first futures contracts to help market participants manage duration risk through an intercommodity spread with U.S. Treasury futures. The automatic margin offsets against CME Group's interest rate and equity futures are part of the $60 billion in daily efficiencies that the company delivers to clients across asset classes.

The contracts launched in June 2024 and are based on Bloomberg U.S. corporate bond indexes, enabling investors to navigate exposure to one of the world's largest and most liquid fixed income markets.

Available to trade on CME Globex and eligible for submission to clearing via CME ClearPort, CME Group credit futures are listed with, and subject to, the rules of CBOT.

For more information, visit our product page at cmegroup.com/credit.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

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SOURCE CME Group

FAQ

What milestones did CME Group's credit futures achieve in September 2025?

CME Group's credit futures achieved trading volume over 450,000 contracts and reached a new open interest high of 6,800 contracts, representing over $700 million in notional value.

When did CME Group launch its credit futures products?

CME Group launched its credit futures products in June 2024, based on Bloomberg U.S. corporate bond indexes.

What are the key features of CME Group's credit futures?

CME Group's credit futures offer duration risk management through U.S. Treasury futures spreads, automatic margin offsets against interest rate and equity futures, and are based on Bloomberg U.S. corporate bond indexes.

How much daily efficiency does CME Group deliver through margin offsets?

CME Group delivers $60 billion in daily efficiencies across asset classes through automatic margin offsets against interest rate and equity futures.

Where can traders access CME Group's credit futures?

CME Group's credit futures are available to trade on CME Globex and eligible for submission to clearing via CME ClearPort, listed with CBOT rules.