What are Eurodollar futures

Eurofutures refers to the Eurodollar futures developed and launched by the Chicago Mercantile Exchange in December 1981.

It was the first cash-settled futures contract.

Through development, Eurodollar futures have become one of the most liquid and popular contracts in the global financial futures market.

Eurodollar futures are cash-settled futures contracts whose price varies with dollar-denominated deposits held.

Investors, such as companies or banks, can lock in interest rates on money they may borrow under contracts in the future.