Customer Service
info@cmegroup.com
800-331-3332 or 312-930-2316
30-Day Federal Funds
Product Snapshot: 30-Day Fed Funds Futures
30-Day Fed Funds futures track the effective overnight Federal Funds Rate for a specific month. The Fed funds rate is the rate that banks charge each other for loans of reserves that are held at the Fed.
This product provides a way to:
- Hedge short-term/money market instruments
- Express a view on the direction of the Federal Open Market Committee (FOMC) policy
- Trade the Fed Funds curve, Fed Funds strips or the spread against LIBOR or Eurodollar Futures
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View free real-time quotes on a variety of electronically traded CME Group products
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
| Trade Unit | $5 million | ||||
| Settle Method | Cash Settled | ||||
| Point Size | $10.417 per 1/4 of one basis point starting with the first Sunday of the expiration month (1/4 of 1/100 of one percent of $5 million on a 30-day basis rounded up to the nearest cent) $20.835 per 1/2 of one basis point ( 1/2 of 1/100 of one percent of $5 million on a 30-day basis rounded up to the nearest cent) | ||||
| Strike Price Interval | |||||
| Strike | |||||
| Limits/Price Banding | N/A | ||||
| Tick Size (Minimum Fluctuation) |
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| Trading Hours | Sunday/Friday 5:30 p.m.-4:00 p.m. CT; Shutdown period from 4:00 p.m. to 5:00 p.m. nightly | ||||
| Listed | |||||
| Product Codes | Clearing: 41 Open Outcry: FF Globex: ZQ | ||||
| Minimum Block Size | |||||
| Product Calendar | First 24 calendar months View current product listings |
| Trade Unit | $5 million | ||||
| Settle Method | Cash Settled | ||||
| Point (Tick) Size | $10.417 per 1/4 of one basis point starting with the first Sunday of the expiration month (1/4 of 1/100 of one percent of $5 million on a 30-day basis rounded up to the nearest cent) $20.835 per 1/2 of one basis point ( 1/2 of 1/100 of one percent of $5 million on a 30-day basis rounded up to the nearest cent) | ||||
| Strike Price Interval | |||||
| Strike | |||||
| Limits/Price Banding | N/A | ||||
| Minimum Fluctuation |
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| Trading Hours | Open Outcry: 7:20 a.m. to 2:00 p.m. CT, Monday - Friday | ||||
| Listed | |||||
| Product Codes | Clearing: 41 Open Outcry: FF Globex: ZQ | ||||
| Minimum Block Size | |||||
| Product Calendar | First 24 calendar months View current product listings |
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.
| Contract Month | Product Code | First Trade Date | Last Trade Date | Settlement Date | |
| SEP08 | 41U08 | 10/02/2006 |  |
09/30/2008 | 10/01/2008 |
| OCT08 | 41V08 | 11/01/2006 | |
10/31/2008 | 11/03/2008 |
| NOV08 | 41X08 | 12/01/2006 | |
11/28/2008 | 12/01/2008 |
| DEC08 | 41Z08 | 01/02/2007 | |
12/31/2008 | 01/02/2009 |
| JAN09 | 41F09 | 02/01/2007 | |
01/30/2009 | 02/02/2009 |
| FEB09 | 41G09 | 03/01/2007 | |
02/27/2009 | 03/02/2009 |
| MAR09 | 41H09 | 04/02/2007 | |
03/31/2009 | 04/01/2009 |
| APR09 | 41J09 | 05/01/2007 | |
04/30/2009 | 05/01/2009 |
| MAY09 | 41K09 | 06/01/2007 | |
05/29/2009 | 06/01/2009 |
| JUN09 | 41M09 | 07/02/2007 | |
06/30/2009 | 07/01/2009 |
| JUL09 | 41N09 | 08/01/2007 | |
07/31/2009 | 08/03/2009 |
| AUG09 | 41Q09 | 09/04/2007 | |
08/31/2009 | 09/01/2009 |
| SEP09 | 41U09 | 10/01/2007 | |
09/30/2009 | 10/01/2009 |
| OCT09 | 41V09 | 11/01/2007 | |
10/30/2009 | 11/02/2009 |
| NOV09 | 41X09 | 12/03/2007 | |
11/30/2009 | 12/01/2009 |
| DEC09 | 41Z09 | 01/02/2008 | |
12/31/2009 | 01/04/2010 |
| JAN10 | 41F10 | 02/01/2008 | |
01/29/2010 | 02/01/2010 |
| FEB10 | 41G10 | 03/03/2008 | |
02/26/2010 | 03/01/2010 |
| MAR10 | 41H10 | 04/01/2008 | |
03/31/2010 | 04/01/2010 |
| APR10 | 41J10 | 05/01/2008 | |
04/30/2010 | 05/03/2010 |
| MAY10 | 41K10 | 06/02/2008 | |
05/28/2010 | 06/01/2010 |
| JUN10 | 41M10 | 07/01/2008 | |
06/30/2010 | 07/01/2010 |
| JUL10 | 41N10 | 08/01/2008 | |
07/30/2010 | 08/02/2010 |
| Contract Month | Product Code | First Trade Date | Last Trade Date> | Settlement Date | |
| AUG10 | 41Q10 | 09/02/2008 | |
08/31/2010 | 09/01/2010 |
| SEP10 | 41U10 | 10/01/2008 | |
09/30/2010 | 10/01/2010 |
3-Month Overnight Index Swaps Launching Sept. 7
Trade the spread between 3-month LIBOR and 3-month overnight rates with this new STIR product.
CNBC's Rick Santelli to host Fed Watch Webinar
Thursday, June 19, 2008
3:00 p.m., Central Time
Four Important New Publications for Interest Rate Customers
View and download them here.
- An Efficient Approach to Mortgage Pipeline Risk Management
- Protecting Funding Margins with Binary Options on the Target Federal Funds Rate
- Liability Driven Investing: Challenges and Opportunities
- The Evolution of Alpha Transport Strategies into Fixed Income
To request a print version, please call Customer Service at 1-800-331-3332 or 312-930-2316.