SOFR futures
E74504
SOFR futures are exchange-traded derivatives that allow market participants to hedge or speculate on future levels of the Secured Overnight Financing Rate, the U.S. dollar risk-free benchmark interest rate.
All labels observed (1)
| Label | Occurrences |
|---|---|
| SOFR futures canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T595616 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: SOFR futures Context triple: [Fed funds futures, relatedTo, SOFR futures]
-
A.
Eurodollar futures
Eurodollar futures are interest rate futures contracts based on U.S. dollar deposits held outside the United States, widely used to hedge or speculate on short-term dollar interest rates.
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B.
Fed funds futures
Fed funds futures are exchange-traded derivatives that allow market participants to hedge or speculate on the future level of the U.S. federal funds interest rate.
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C.
E-mini S&P 500 futures
E-mini S&P 500 futures are electronically traded stock index futures contracts that provide leveraged, cost-efficient exposure to the S&P 500 index for institutional and retail traders.
-
D.
CME FX futures
CME FX futures are standardized foreign exchange derivative contracts traded on the Chicago Mercantile Exchange that allow participants to hedge or speculate on currency price movements.
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E.
CME Ether futures
CME Ether futures are standardized, cash-settled derivatives contracts listed on the Chicago Mercantile Exchange that allow institutional and professional traders to gain regulated exposure to the price of Ether (ETH).
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: SOFR futures Target entity description: SOFR futures are exchange-traded derivatives that allow market participants to hedge or speculate on future levels of the Secured Overnight Financing Rate, the U.S. dollar risk-free benchmark interest rate.
-
A.
Eurodollar futures
Eurodollar futures are interest rate futures contracts based on U.S. dollar deposits held outside the United States, widely used to hedge or speculate on short-term dollar interest rates.
-
B.
Fed funds futures
Fed funds futures are exchange-traded derivatives that allow market participants to hedge or speculate on the future level of the U.S. federal funds interest rate.
-
C.
E-mini S&P 500 futures
E-mini S&P 500 futures are electronically traded stock index futures contracts that provide leveraged, cost-efficient exposure to the S&P 500 index for institutional and retail traders.
-
D.
CME FX futures
CME FX futures are standardized foreign exchange derivative contracts traded on the Chicago Mercantile Exchange that allow participants to hedge or speculate on currency price movements.
-
E.
CME Ether futures
CME Ether futures are standardized, cash-settled derivatives contracts listed on the Chicago Mercantile Exchange that allow institutional and professional traders to gain regulated exposure to the price of Ether (ETH).
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
exchange-traded derivative
ⓘ
interest rate futures contract ⓘ |
| basedOn |
overnight repo transactions collateralized by U.S. Treasuries
ⓘ
risk-free reference rate ⓘ |
| benchmarkTransitionRole | primary futures benchmark after USD LIBOR cessation ⓘ |
| benchmarkType | nearly risk-free rate derivative ⓘ |
| category | short-term interest rate futures ⓘ |
| clearing | central counterparty clearing ⓘ |
| contractUnit | notional money market deposit linked to SOFR ⓘ |
| currencyRegion |
United States
ⓘ
linked to:
United States of America
|
| denominatedIn |
USD
ⓘ
linked to:
US dollar
United States dollar ⓘ
linked to:
US dollar
|
| hedgeTarget | short-term U.S. dollar interest rates ⓘ |
| linkedTo | U.S. Treasury repurchase agreement market ⓘ |
| liquidityCharacteristic | highly liquid for near-term expiries ⓘ |
| marginType | futures-style margining ⓘ |
| marketParticipants |
commercial banks
ⓘ
institutional investors ⓘ proprietary trading firms ⓘ |
| marketRole | key instrument in U.S. dollar risk-free rate markets ⓘ |
| priceDriver |
Federal Reserve monetary policy expectations
ⓘ
U.S. Treasury repo market conditions ⓘ expectations of future SOFR levels ⓘ |
| purpose |
hedging interest rate risk
ⓘ
managing exposure to SOFR movements ⓘ speculating on future interest rates ⓘ |
| quotedAs | 100 minus implied interest rate ⓘ |
| regulatorJurisdiction | U.S. Commodity Futures Trading Commission ⓘ |
| replaced | Eurodollar futures for USD LIBOR-based hedging ⓘ |
| replaces | LIBOR-based short-term interest rate futures ⓘ |
| riskMeasure | sensitivity measured by DV01 ⓘ |
| riskType | interest rate risk ⓘ |
| settlementType | cash-settled ⓘ |
| tradedOn |
CME Group
ⓘ
Chicago Mercantile Exchange ⓘ |
| underlyingReferenceRate |
SOFR
ⓘ
Secured Overnight Financing Rate ⓘ |
| usedBy |
asset managers
ⓘ
banks ⓘ corporate treasurers ⓘ hedge funds ⓘ swap dealers ⓘ |
| usedFor |
basis trading between SOFR and other rates
ⓘ
constructing SOFR yield curves ⓘ hedging SOFR-linked bonds ⓘ hedging SOFR-linked loans ⓘ hedging floating-rate debt linked to SOFR ⓘ pricing SOFR interest rate swaps ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: SOFR futures Description of subject: SOFR futures are exchange-traded derivatives that allow market participants to hedge or speculate on future levels of the Secured Overnight Financing Rate, the U.S. dollar risk-free benchmark interest rate.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.