Eris Swap futures

Discussion in 'Interactive Brokers' started by tradegoodstocks, May 25, 2024.

  1. Interactive Brokers seems to have some Eris swap futures but not others, e.g. I can find YIW but now YIE in TWS. Any reason?
     
  2. maxinger

    maxinger

    Not sure about the specifics.

    An exchange might have thousands of products.
    It is common for a broker not to offer all those thousands of products
    especially if the products are not popular.

    Similarly, there are hundreds of exchanges in this world.
    Most brokers offer products from a few exchanges only.
     
  3. mervyn

    mervyn

    ib has its own labeling system but if you are a heavy futures trader, there are many specialized futures brokers out there.
     
  4. The example I specified is from the same exchange (CME) and the same product suite. It's like offering ZF but not ZN futures. Or offering GOOG stock but not MSFT.

    I hope def from IB will comment.
     
  5. ids

    ids

    How is YIE liquidity?
     
  6. newbunch

    newbunch

    Not sure why you'd want to trade Eris SOFR swap futures, but a good place to look is always https://www.interactivebrokers.com/en/trading/margin-futures-fops.php
    You'll see:
    CBOT YIA 1-Year Eris SOFR Swap Futures YIA 93.75 N/A 93.75 75 USD No 93.75 75
    CBOT YIC 3-Year Eris SOFR Swap Futures YIC 62.50 N/A 62.50 50 USD No 62.50 50
    CBOT YID 4-Year Eris SOFR Swap Futures YID 93.75 N/A 93.75 75.00 USD No 93.75 75.00
    CBOT YIT 2-Year Eris SOFR Swap Futures YIT 62.50 N/A 62.50 50 USD No 62.50 50
    CBOT YIW 5-Year Eris SOFR Swap Futures YIW 100 N/A 100 80 USD No 100 80

    Apparently, IB doesn't offer the Eris futures past 5 years.

    Looking at CME website, YIE had no volume on Friday. The 2-year had 1,024, 150 in the 3-year, 96 in the 5-year, and 40 in the 10-year. https://www.cmegroup.com/trading/interest-rates/swap-futures.html
     
  7. Thank you. According to this page https://www.cmegroup.com/market-dat...olume-open-interest/interest-rate-volume.html the 10y swap future has the higher volume. Nevertheless, volumes seem to be generally small.
    Regarding your question "not sure why you'd want to trade Eris SOFR swap futures" - for portfolio yield curve positioning, hedging, and for asset swap spread trades - what they were intended for per CME educational material and web site.
     
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