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ICE’s €STR Futures Open Interest Exceeds 500,000 Contracts

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Intercontinental Exchange (NYSE:ICE) announced that its €uro Short Term Rate (€STR) futures reached over 500,000 contracts in open interest on September 11, 2024. This milestone highlights ICE's growing presence in euro-related interest rate risk management, complementing its 16.2 million lots of open interest in Euribor futures and options.

ICE's overall interest rate complex has seen significant growth, with open interest up 14% year-over-year to over 25 million contracts. Average daily volume (ADV) across the interest rate portfolio increased by 55% year-over-year as of August 2024, including substantial gains in Euribor, SONIA, and Gilts ADV.

The exchange offers margin offsets up to 90% between €STR and Euribor, providing efficient risk management tools for customers. ICE's multi-currency interest rate derivatives offering includes benchmarks for various markets, with SONIA futures hitting a record 2.4 million contracts in open interest on September 11, 2024.

Intercontinental Exchange (NYSE: ICE) ha annunciato che i futures sul €uro Short Term Rate (€STR) hanno raggiunto oltre 500.000 contratti in open interest l'11 settembre 2024. Questo traguardo evidenzia la crescente presenza di ICE nella gestione del rischio dei tassi d'interesse legati all'euro, completando i suoi 16,2 milioni di contratti di open interest nei futures e nelle opzioni Euribor.

Il complesso dei tassi d'interesse di ICE ha mostrato una crescita significativa, con open interest in aumento del 14% anno su anno a oltre 25 milioni di contratti. Il volume medio giornaliero (ADV) dell'intero portafoglio dei tassi d'interesse è aumentato del 55% anno su anno a partire da agosto 2024, includendo guadagni sostanziali in ADV di Euribor, SONIA e Gilts.

La borsa offre compensazioni di margine fino al 90% tra €STR ed Euribor, fornendo strumenti di gestione del rischio efficienti per i clienti. L'offerta di derivati sui tassi d'interesse in più valute di ICE include benchmark per vari mercati, con i futures SONIA che hanno raggiunto un record di 2,4 milioni di contratti in open interest l'11 settembre 2024.

Intercontinental Exchange (NYSE: ICE) anunció que sus futuros del €uro Short Term Rate (€STR) alcanzaron más de 500,000 contratos en interés abierto el 11 de septiembre de 2024. Este hito destaca la creciente presencia de ICE en la gestión del riesgo de tasas de interés relacionadas con el euro, complementando sus 16,2 millones de lotes de interés abierto en futuros y opciones de Euribor.

El complejo de tasas de interés en general de ICE ha visto un crecimiento significativo, con un interés abierto que ha aumentado 14% interanual a más de 25 millones de contratos. El volumen diario promedio (ADV) en toda la cartera de tasas de interés aumentó 55% interanual a partir de agosto de 2024, incluidos ganancias sustanciales en ADV de Euribor, SONIA y Gilts.

La bolsa ofrece compensaciones de margen de hasta 90% entre €STR y Euribor, proporcionando herramientas eficientes de gestión de riesgos para los clientes. La oferta de derivados de tasas de interés en múltiples monedas de ICE incluye índices para varios mercados, con los futuros de SONIA alcanzando un récord de 2.4 millones de contratos en interés abierto el 11 de septiembre de 2024.

인터컨티넨탈 익스체인지 (NYSE: ICE)는 €uro 단기 금리 (€STR) 선물이 2024년 9월 11일 기준으로 50만 개 이상의 계약을 오픈 이자에서 기록했다고 발표했습니다. 이 이정표는 유로 관련 금리 리스크 관리에서 ICE의 증가하는 존재감을 강조하며, 유로보르 선물 및 옵션에서의 1620만 개의 계약과 함께 합니다.

ICE의 전체 금리 복합체는 Значительный рост를 보였으며, 오픈 이자는 전년 대비 14% 증가하여 2500만 개 이상의 계약에 달했습니다. 금리 포트폴리오 전반의 일일 평균 거래량(ADV)은 2024년 8월 기준으로 전년 대비 55% 증가했으며, 유로보르, 소니아 및 길츠 ADV에서 상당한 증가가 있었습니다.

거래소는 €STR과 유로보르 간 최대 90%의 마진 오프셋을 제공하여 고객을 위한 효과적인 리스크 관리 도구를 제공합니다. ICE의 다중 통화 금리 파생상품 제공은 다양한 시장에 대한 벤치마크를 포함하며, 소니아 선물은 2024년 9월 11일에 오픈 이자에서 기록적인 240만 계약에 도달했습니다.

Intercontinental Exchange (NYSE: ICE) a annoncé que ses contrats à terme sur le €uro Short Term Rate (€STR) ont atteint plus de 500 000 contrats d'intérêt ouvert le 11 septembre 2024. Ce jalon met en lumière la présence croissante d'ICE dans la gestion des risques liés aux taux d'intérêt en euros, complétant ses 16,2 millions de lots d'intérêt ouvert dans les contrats à terme et les options Euribor.

Le complexe de taux d'intérêt d'ICE a connu une croissance significative, avec un intérêt ouvert en hausse de 14 % d'une année sur l'autre, dépassant 25 millions de contrats. Le volume moyen quotidien (ADV) de l'ensemble du portefeuille de taux d'intérêt a augmenté de 55 % d'une année sur l'autre à partir d'août 2024, y compris des gains substantiels dans les ADV d'Euribor, de SONIA et de Gilts.

La bourse offre des compensations de marges allant jusqu'à 90 % entre €STR et Euribor, fournissant des outils de gestion des risques efficaces pour les clients. L'offre de dérivés de taux d'intérêt multi-devises d'ICE comprend des indices pour divers marchés, les contrats à terme SONIA atteignant un record de 2,4 millions de contrats d'intérêt ouvert le 11 septembre 2024.

Die Intercontinental Exchange (NYSE: ICE) hat bekannt gegeben, dass ihre €uro Short Term Rate (€STR) Futures am 11. September 2024 über 500.000 Kontrakte im offenen Interesse erreicht haben. Dieser Meilenstein hebt die wachsende Präsenz von ICE im Risiko-Management von Euro-bezogenen Zinssätzen hervor und ergänzt die 16,2 Millionen Kontrakte an offenem Interesse in Euribor-Futures und -Optionen.

Das gesamte Zinskomplex von ICE hat ein signifikantes Wachstum erlebt, mit einem Anstieg des offenen Interesses um 14% im Jahresvergleich auf über 25 Millionen Kontrakte. Das durchschnittliche tägliche Volumen (ADV) im gesamten Zinsportfolio stieg bis August 2024 um 55% im Jahresvergleich, einschließlich erheblicher Gewinne in Euribor, SONIA und Gilts ADV.

Die Börse bietet Margin-Offsets von bis zu 90% zwischen €STR und Euribor, was den Kunden effiziente Risikomanagement-Tools zur Verfügung stellt. Das Angebot von ICE an Zinsderivaten in mehreren Währungen umfasst Benchmarks für verschiedene Märkte, wobei die SONIA-Futures am 11. September 2024 ein Rekordhoch von 2,4 Millionen Kontrakten im offenen Interesse erreichten.

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LONDON--(BUSINESS WIRE)-- Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider technology and data, today announced that ICE’s €uro Short Term Rate (€STR) futures hit open interest of over 500,000 contracts on September 11, 2024.

ICE’s €STR futures and options clear alongside 16.2 million lots of open interest in Euribor, the benchmark for managing short term euro-related interest rate risk. Open interest across ICE’s interest rate complex is up 14% year-over-year (y/y) at over 25 million contracts.

Meanwhile average daily volume (ADV) across the interest rate portfolio was up 55% y/y, as at the end of August 2024, including Euribor ADV up 50%, SONIA ADV up 56% and Gilts ADV up 48%.

“The health of our €STR market is being driven by end user demand that is benefiting from deeper liquidity available at ICE,” said Caterina Caramaschi, Vice President, Financial Derivatives at ICE. “We’d like to thank all of our market participants for their continued support in developing our €STR futures and we are pleased to see the first €STR option trade”.

“As the only exchange globally to offer liquid multi-currency short-term interest rate products, we are committed to building ICE’s franchise to provide even more tools for managing interest rate risk as the market continues to develop,” continued Caramaschi.

By trading and clearing €STR at ICE, customers can benefit from margin offsets as high as 90% against Euribor. Euribor is the key euro-dominated interest rate benchmark, based on the average interest rate at which Eurozone banks offer unsecured short-term lending to one another while €STR reflects the wholesale euro unsecured overnight borrowing costs of banks located in the euro area.

Customers are utilizing the inter-contract spread ICE offers for trading the difference between Euribor and €STR, designed so market participants have the flexibility and liquidity to transition in and out of the contract as they do in over-the-counter markets.

ICE is home to a multi-currency interest rate derivatives offering including Euribor, SONIA the U.K. benchmark, SARON the Swiss benchmark and Gilts the benchmark for the U.K. government bond yield curve. On September 11, 2024, SONIA futures hit record open interest of 2.4 million contracts.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC on February 8, 2024.

Category: EXCHANGES

ICE-CORP

Source: Intercontinental Exchange

ICE Media:

Jess Tatham

jess.tatham@ice.com

+44 7377 947136



ICE Investor:

Katia Gonzalez

katia.gonzalez@ice.com

(678) 981-3882

Source: Intercontinental Exchange

FAQ

What milestone did ICE's €STR futures reach on September 11, 2024?

ICE's €STR futures reached over 500,000 contracts in open interest on September 11, 2024.

How much has ICE's interest rate complex open interest grown year-over-year?

ICE's interest rate complex open interest has grown 14% year-over-year, exceeding 25 million contracts.

What was the increase in average daily volume for ICE's interest rate portfolio as of August 2024?

The average daily volume across ICE's interest rate portfolio increased by 55% year-over-year as of August 2024.

What margin offset benefit does ICE offer between €STR and Euribor?

ICE offers margin offsets as high as 90% between €STR and Euribor futures contracts.

What record did SONIA futures hit on September 11, 2024?

SONIA futures hit a record open interest of 2.4 million contracts on September 11, 2024.

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