ICE Interest Rates Report
February 2025
Gain the latest trends and insights with our monthly newsletter on ICE's Rates market.
Interest Rate Derivatives
The largest marketplace for U.K. and European interest rates futures and options including Euribor, SONIA, Gilts and SARON futures.
Euribor Futures and Options
SONIA Futures and Options
SARON Futures
Long Gilt Futures and Options
ESTR Futures and Options
February highlights
ESTR Futures
- Highest Open Interest (OI) since launch exceeding 1 million lots at 1,039,707
- Highest volume month since launch printing 2,756,721 lots
Long Gilt Futures
- Open Interest (OI) exceeds 1 million lots at 1,130,900
SONIA options
- Record Daily volume exceeds 1 million lots at 1,142,607
- Record OI at 6,948,995
SARON Futures
- Record monthly volume exceeds 1 million lots at 1,009,834
- Record OI at 376,176
New product launches
MPC Dated SONIA Futures
- Get direct exposure to the Bank of England’s rate decisions via our latest STIR innovation
- Futures dates mirror the exact MPC rate setting dates
- Sits alongside our existing, liquid 3-month SONIA contract and offers significant margin offsets
- Cash settled
- Launched February 24
Long EU Bond Index Futures Contract
- ICE Long EU Bond Futures contract is a cash-settled future which references the ICE 8-13 Year European Union Index (G0EU8T13)
- ICE Data Indices (IDI) which is a recognised third country Benchmark Administrator under the U.K. Benchmarks Regulation
- Unique approach to European Union Bonds with a cash settled bond index future
- Historical volatility of the Index is similar volatility to other benchmark European Bond Futures