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SOFR Futures

The Secured Overnight Financing Rate (SOFR) is a broad measure of the overnight cost of borrowing cash collateralized by Treasury securities. Both One Month and Three Month futures contracts trade at ICE Futures Europe and clear through ICE Clear Europe. ICE SOFR follows the successful launch of ICE SONIA futures which have traded in excess of £1.4 trillion in notional volume.

Trade across the curve

ICE One and Three Month SOFR futures offer market participants access to a deep liquidity pool and margin offset efficiencies. For ease of execution, Inter-Contract spreads between Three Month SOFR and Eurodollar futures will be available in the order book shortly after launch.

Featured Products

ICE One Month SOFR Futures
Cash settled future based on the average daily Secured Over Night Financing Rate (SOFR) index of the delivery month.
ICE Three Month SOFR Futures
Cash settled future based on the compounded average of SOFR for the referenced quarter.
Agriculture Commodities

ICE SOFR Futures: The Benefits

Margin Efficiencies
A capital efficient way to manage exposure at the short-term end of the US Dollar curve through a centrally cleared, exchange-traded contract.
Breadth of Products
Trade SOFR futures alongside ICE’s liquid US and European interest rate complex.
Flexibility
Key spread trading functionality and strategies available for interest rates on the ICE platform.

Resources

SOFR on the ICE Consolidated Feed

Access the underlying benchmark alongside streaming data for ICE 1mth and 3mth SOFR futures.

ICE SONIA Futures

ICE SONIA One Month and Three Month futures trade alongside the highly liquid ICE Short Sterling and Gilt future, enabling greater margin efficiencies and increased hedging and trading opportunities across the sterling curve.