The Intercontinental Exchange (ICE) has announced 42.3 million in open interest across its interest rate derivatives markets.
This markets a 45% year-on-year (YoY) increase, and takes the firm’s total open interest across futures and options markets to 116.5 million.
Caterina Caramaschi, vice president of financial derivatives, commented, “Customers are benefiting from the diversity and deep liquidity of ICE’s benchmark UK and EU rates markets as they respond to shifting monetary policy paths and cross-market signals. The record open interest reflects the value customers find in using a single platform to align exposure across assets.”
Within the business, open interest in SONIA futures and options has hit 15.4 million including 11.7 million in SONIA options. This represents a 63% and 70% YoY increase respectively.
In January alone, 8.9 million SONIA options were traded with an average daily volume of 426,000.
Open interest in Monetary Policy Committee (MPC) dated SONIA futures is currently 51,000 contracts.
By contrast, open interest for CME Group’s SONIA quarterly international money market (IMM) futures sits at 31.
In Europe, open interest in ICE’s Euribor futures and options is up 33% YoY to 22.7 million. For €STR futures, open interest has doubled YoY to 2.2 million; open interest in the Swiss benchmark, SARON, has risen 16% YoY.
©Markets Media Europe 2025
