Eris Innovations - Creators of Eris SOFR Swap futures

Exciting to see Eris/Treasury Swap Spreads developing and the 15-year tenor start to trade...

Check out the most recent newsletter for updates on each of the following: ? Eris/Treasury Swap Spreads liquidity, where bid/ask spreads tightened recently ? Recent trading activity in 15-year Eris SOFR ? Real estate investor magazine REI INK Magazine helping its 60,000 subscribers understand how to hedge Non-QM loans ? Eris' Geoffrey Sharp will be in Miami Beach March 16-18, but not for Spring Break Read More: https://conta.cc/4hJo5a7 Eris SOFR Swap futures are a CME Group Interest Rates product.

Are you making loan commitments? Then learn how you could also be hedging the interest rate risk you are assuming on your loan commitments, by using Eris SOFR Swap futures, a product of CME Group Interest Rates! Read the following new article from Geoffrey Sharp, which is also featured in February’s issue of REI INK Magazine: https://lnkd.in/g_GEd7U5

Learn how your #bank can streamline #ALM using Eris SOFR Swap futures, a CME Group Interest Rates contract that is becoming mainstreet’s way to manage risk.

Proud of the shout-out in CME Group Interest Rates January 2025 RATES RECAP, which includes a great chart of #Eris SOFR growth in 2024! https://lnkd.in/gjVRFT_K Click here, www.erisfutures.com, to learn more and start trading Eris SOFR

We're thrilled to partner with the Financial Managers Society (FMS). FMS has been furnishing financial institutions, and their treasury, finance and accounting personnel, with education for over 75 years. They're an industry pillar for thought leadership and innovative perspectives at a time when institutional evolution is paramount. Looking forward to collaborating on all things education for the upcoming year and helping shed light on more cost-effective and efficient ways to reduce interest rate risk with Eris #SOFR swap futures. #thoughtleadership #webinars #virtualeducation #interestrate #riskmanagement

Eris SOFR Swap futures experienced landmark growth in 2024, with volume up 2.8x and open interest up 1.9x. None of this would have been possible without the help of our partners, including end-users, market makers, brokers, risk/systems vendors, and of course the @CME Group Interest Rates team. Thank you and we look forward to accelerating this growth in 2025! #SOFR #swaps #interestrates #hedging

?? It's mailer time ?? Front Month Open Interest (OI) Hits 200,000 Contracts: ? Eris #SOFR swap futures open interest continued its recent growth, with front-month OI reaching 200,000 contracts for the first time on 11/15/2024. ? Total open interest exceeds 321,000, up more than 90% year to date ? CEO Michael Riddle credits the recent growth to CME Portfolio Margining (PM). “Hedgers can think about open interest differently in a contract like Eris SOFR where market makers have such efficient swap #hedges in the same clearinghouse,” he said. “For example, 16 times this year we’ve seen front-month OI in 10-year Eris SOFR grow by at least 5% in a single day, reflecting hedgers’ confidence in amassing sizable positions.” Ginnie Mae Rewards MSR Hedgers: ? Government-backed mortgage guarantor Ginnie Mae (GNMA) recently announced relief from Risk-Based Capital Ratio (RBCR) requirements for issuers with a track record of successfully hedging #interestraterisk. ? CME Group’s article, “Mortgage Servicing Rights (MSR) Owners Turn to Futures to Hedge Interest Rate Moves,” suggests GNMA's announcement will spur even greater demand for #hedging. ? The article quotes multiple service providers in the Eris #SOFR ecosystem, including SitusAMC, MIAC - Mortgage Industry Advisory Corporation, Incenter Capital Advisors, Blue Water Financial Technologies and RJO Fixed Income Group (FIG). New Page Shows Open Interest Growth History: ? New Historical Open Interest page shows interactive graphs for #Eris SOFR open interest since the product launched in 2020 ? Breaks down OI by tenor, and Front Month Contracts versus All Contracts Recommended view: Click the “YTD” view on the Eris SOFR 5y (YIW) graph and observe the growth of front-month OI from 25K to 80K this year?

??? MSR Owners Turn to Futures to Hedge Interest Rate Moves??? ?? https://lnkd.in/gqt4T99p Michael Riddle, CEO of Eris Innovations - Creators of Eris SOFR Swap futures, and Ted Carey, CFA, Executive Director of CME Group Interest Rates detail the first-hand perspectives of advisors, clearing brokers, and industry practitioners on how holders of mortgage servicing rights (MSRs) are hedging interest rate risk today. Excerpt: 'Robert Powell, SVP for RJO Fixed Income Group (FIG), reported a recent uptick in client activity. “In the past 12 months, we’ve had at least a dozen new customers start using CME Group’s Eris SOFR Swap #futures. At least half of them are using them to hedge MSR assets, and several of them are completely new to hedging altogether.”' Curious about swap futures? Learn more at www.erisfutures.com or at https://lnkd.in/gPhs2zff. #hedging #derivatives #interestrate #riskmanagement

?? It's a wrap! Michael Riddle, Geoffrey Sharp and Craig Haymaker, CPA finished off an outstanding conference hosted by the Information Management Network (IMN). It was the annual #Mortgage Servicing Rights (MSR) Forum in Brooklyn. Eris #SOFR Swap futures were the hedging instrument of choice for most of the attendees - always nice to see ?? ! Great to see friendly faces - both existing users. prospects and channel partners - in NYC. Geoff participated in a panel on valuation, pricing and interest rate scenarios. Max Betzig of Quantitative Risk Management did a great job moderating the panelists that also included Richard McRedmond of Two Harbors Investment Corp., Daniel Fleishman of RiskSpan, Rashmi Kiran, CFA of Fifth Third Bank and Avinash Daga of Mr. Cooper. We're already looking forward to the next one! Special thanks to Heather Rothmann and Cassidy Edwards for their help with event and exhibit preparation. Learn more about swap futures at the Eris Innovations - Creators of Eris SOFR Swap futures website as www.erisfutures.com, or the CME Group Interest Rates website at https://lnkd.in/gPhs2zff.