Eurodollar Futures Contracts are now SOFR futures contracts
marketwatch.com
marketwatch.com
"Taking LIBOR’s place is the Secured Overnight Financing Rate, or SOFR. The Chicago Mercantile Exchange, where almost all Eurodollar futures traded, will be converting Eurodollar futures contracts into SOFR contracts. There are roughly $5 trillion in Eurodollar futures still outstanding, or 5 million contracts worth about $1 million each — a number which should go down to zero this weekend, according to TD Securities senior U.S. rates strategist Gennadiy Goldberg."