SONIA on ICE Consolidated Feed

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

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More Opportunities to Trade the Sterling Curve

SONIA futures are cash settled short-term interest rate (STIR) futures contracts, based on the average Sterling Overnight Index Average (SONIA). SONIA reflects bank and building societies’ overnight funding rates in the sterling unsecured market.

ICE One and Three Month SONIA futures will trade alongside our existing suite of interest rate futures and options, providing market participants with access to a deep liquidity pool and margin offset efficiencies at the clearing house from day one. In addition, for ease of execution, Inter-Contract spreads between Three Month SONIA and Short Sterling futures are available in the order book.

Adding SONIA Futures to the ICE Interest Rate complex

ICE SONIA Futures: The Benefits

Margin Efficiencies »

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

Flexibility »

Key spread trading functionality and strategies available for interest rates on the ICE platform

ICE SOFR Futures

Expanding Alternative Risk Free Rates

Traded at ICE Futures Europe and cleared through ICE Clear Europe, the futures contracts allows offsets against 26 million contracts of open interest. ICE SOFR follows the successful launch of SONIA futures which has traded in excess of £1.4 trillion in notional volume in One Month and Three Month contracts.


The naming of “SONIA” does not imply or suggest any approval or endorsement by the benchmark provider of the product listed by the Exchange.

The “SONIA” mark is used under license from the Bank of England (the benchmark administrator of SONIA), and the use of such mark does not imply or express any approval or endorsement by the Bank of England. "Bank of England" and "SONIA" are registered trademarks of the Bank of England.

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)”.