NexusFi: Find Your Edge


Home Menu

 





Sofr


Discussion in Treasury Notes and Bonds

Updated
    1. trending_up 696 views
    2. thumb_up 1 thanks given
    3. group 3 followers
    1. forum 1 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
locoking
Chicago IL
 
Posts: 2 since Apr 2021
Thanks Given: 0
Thanks Received: 1

Hello,

Is anyone trading Sofr, if so is it similar to the eurodollar?

Thanks

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Has anyone taken The Confident Trader course from aheadc …
Trading Reviews and Vendors
What You Know vs How much you know about it
Traders Hideout
Quantum physics & Trading dynamics
The Elite Circle
tick data interval discrepancy
NinjaTrader
MC PL editor upgrade
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
ApexTraderFunding.com experience and review
91 thanks
HumbleTraders next chapter
73 thanks
Winning attitudes create winning traders
39 thanks
Just another trading journal: PA, Wyckoff & Trends
32 thanks
Vinny E-Mini & Algobox Review TRADE ROOM
28 thanks
  #2 (permalink)
 
CannonTrading's Avatar
 CannonTrading   is a Vendor
 
Posts: 216 since Mar 2013
Thanks Given: 77
Thanks Received: 183

https://www.cannontrading.com/tools/support-resistance-levels/weekly-newsletter-trading-signals-on-your-charts-levels-for-april-17th/
Heads up traders:
Today we say goodbye to a commodity that for ±20 years starting in the early 2000’s held the title of largest open interest futures contract in the world: the Eurodollar. Long the benchmark for hedging short-interest rates, it is being replaced today by the Three-Month Secured Overnight Financing Rate (SOFR) Futures.
SOFR measures the cost of borrowing U.S. dollar cash overnight using Treasury securities as collateral. SOFR has been recommended by the U.S. Federal Reserve’s Alternative Reference Rate Committee (ARRC) and SOFR looks set to become the main indicator of U.S. dollar interest rates around the world as global regulators encourage market participants to transition to SOFR.
CME Group launched SOFR-based futures in 2018 to support the transition. Starting today, any Eurodollar exposure where the start date is beyond June 30, 2023, will automatically convert to the corresponding CME SOFR. For more information regarding the conversion process, please visit the CME Group web site.

PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
Follow me on Twitter Reply With Quote
Thanked by:




Last Updated on May 1, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts