Introduction of Eurodollar Futures
Chicago Mercantile Exchange developed and launched Eurodollar futures in 198 1 12. After more than 20 years of development, Eurodollar futures has become one of the most liquid and popular contracts in the global financial futures market. Eurodollar futures contracts lock investors in the interest rate corresponding to the loan face value of $6,543,800+0,000 in the next three months.