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Interest RateSR3CME Globex
Eurodollar (SOFR)
Category
Interest Rate
Exchange
CME Globex
Contract Size
$2,500 × SOFR rate (notional $1,000,000)
Symbol
SR3
About Eurodollar (SOFR)
Three-Month SOFR futures replaced Eurodollar futures as the benchmark for short-term US interest rate derivatives. SOFR (Secured Overnight Financing Rate) is the Fed's preferred risk-free reference rate. SOFR futures are used to express views on Fed funds rate trajectory and for hedging short-term interest rate exposure.
Eurodollar (SOFR) Price Chart
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Contract Specifications
- Contract Size
- $2,500 × SOFR rate (notional $1,000,000)
- Tick Size / Value
- 0.005 = $12.50 per tick (nearest months); 0.005 = $12.50 for deferred
- Exchange
- CME Globex
Trading Hours
Sun 18:00 – Fri 17:00 ET with daily halt 17:00–18:00 ET.
Margin Notes
Exchange maintenance margin ~$800–$1,200 per contract.
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