CME Group Ultra 10-Year U.S. Treasury Futures surpass 1Mn total contracts traded Since Jan launch

UNITED STATES February 29 2016 8:38 AM

CHICAGO (Scrap Register): CME Group has announced that the Ultra 10-Year U.S. Treasury Note (TN) futures contract surpassed one million total contracts traded since its launch seven weeks ago on Jan. 11. 

This is also the first time in CME Group's nearly 170-year history that a new product hit the one-million contracts mark in such a short period of time. Other contracts that reached previous seven-week record highs include the Ultra U.S. Treasury Bond futures, which traded 523,000, and the E-mini Dow ($5) futures, which traded nearly 470,000.

“We are extremely pleased to see such strong interest and participation in our new Ultra 10-Year coming from a broad market segment of nearly 200 clients across the U.S., Asia and Europe,” said Agha Mirza, CME Group Global Head of Interest Rate Products. 

“At CME Group, we continually strive to provide the marketplace with capital-efficient products and services to meet the risk management needs of our clients,” Mirza added.

As of Feb. 25, more than 60 percent of TN open interest has already rolled into the June expiration. TN preliminary open interest as of February 25 has grown steadily to more than 62,000 contracts. 

CME Group continues to see strong participation in the existing 10-Year T-Note Future (TY), with open interest in TY increasing by more than 630,000 contracts in the seven weeks following the listing of TN.