Manage sterling interest rates exposure with SONIA Futures

The ICE One Month SONIA Index futures contract is a cash settled short-term interest rate (STIR) future, based on the average Sterling Overnight Index Average (SONIA). SONIA reflects bank and building societies’ overnight funding rates in the sterling unsecured market.

Complementing our broader interest rate complex, ICE SONIA futures trade alongside the liquid ICE Short Sterling and Gilt futures, offering margin efficiencies and additional hedging and trading opportunities across the sterling curve.

ICE SONIA FUTURES: THE BENEFITS

ICE SONIA futures provide a capital efficient way to manage exposure at the short-term end of the sterling curve through a centrally cleared, exchange-traded contract.


Breadth of Products


Trade SONIA futures alongside ICE’s liquid European interest rate complex


Margin Efficiencies


Margin efficiencies with offsets across ICE's interest rates contracts


Flexibility


Richer spread trading functionality and trading strategies available on the ICE platform across the entire interest rate complex

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DISCLAIMER:

SONIA is a registered trade mark of the Bank of England. The use of such mark does not imply or express any approval or endorsement by the Bank of England