2065438+On April 3, 2008, the Federal Reserve Bank of new york began to issue SOFR at 8: 00 a.m. Eastern Time (ET) every morning. SOFR reflects the median repurchase rate weighted by transaction volume on the previous working day.
2065438+On May 7th, 2008, Chicago Stock Exchange launched two SOFR futures contracts.
20 18 10 1, CME began to clear three kinds of SOFR swaps in the OTC market.