The stakes are high for CME, given that eurodollar futures are the most-traded interest-rate derivatives tracked by the Futures Industry Association. CME Group has unveiled its proposed plan for eurodollar futures and options in the event of a fallback trigger after the FCA stops compelling banks to submit the data used to calculate LIBOR at the end of 2021 . Without a fallback trigger , the exchange will continue to support eurodollar futures and options ; the most - traded interest - rate derivatives regulated by the Futures Trading Association . However , in the event of a fallback trigger , eurodollar futures would be converted into SOFR futures with the same trading month and a strike determined by making a spread adjustment to the pre - fallback eurodollar price . They would still be listed because this would result in different strike prices to the standard listed strike prices . Upon exercise , the resulting eurodollar futures would immediately convert SOFR futures .
CME Group has unveiled its proposed plan for eurodollar futures and options in the event of a fallback trigger after the FCA stops compelling banks to submit the data used to calculate LIBOR at the end of 2021 . Without a fallback trigger , the exchange will continue to support eurodollar futures and options ; the most - traded interest - rate derivatives regulated by the Futures Trading Association . However , in the event of a fallback trigger , eurodollar futures would be converted into SOFR futures with the same trading month and a strike determined by making a spread adjustment to the pre - fallback eurodollar price . They would still be listed because this would result in different strike prices to the standard listed strike prices . Upon exercise , the resulting eurodollar futures would immediately convert SOFR futures .