Highlights
Following a record 2018, open interest (OI) across Fixed Income continued to grow in January.
  • OI saw an 8% increase year over year, reaching 26.3 million
  • Growth was registered across the complex, with futures +9% and options +5% during the month
ICE: Home of the UK yield curve
ICE offers the broadest suite of highly liquid, cost-effective and margin-efficient tools for managing Sterling interest rate risk.
  • Given the increased focus on UK markets, performance has been strong across Sterling-denominated products; the current political situation offers trading opportunities and the need to hedge and buy protection. 
  • Options on Short Sterling have enjoyed strong performance; at ADV of 207,000 and OI of 8.1 million contracts, this is +25% and +19% YOY respectively 
Find out more
 
Packs and Bundles
  • Packs and Bundles are an exchange facility which can be harnessed to express and hedge STIR curve risks
  • Packs and Bundles are 10% of STIR future volume marking a 110% increase in market share within the greater STIR futures complex since October 2018 
Learn more
 
SONIA Trade the Sterling curve
 
SOFR
  • $1.5 trillion in volume since launch
  • 39% of all SOFR futures volume in notional terms executed on ICE since October 22
  • Support continues to grow, with new market participants enhancing market quality 
Manage exposure
Volumes
 
Futures
  Jan 2019 ADV Jan 2018 ADV
Change
OI 2019 OI 2018
Change
Euribor            836,550            1,0390,93 -19%        4,918,093     5,069,234 -3%
Short Sterling            638,468            781,584 -18%            4,079,202         3,385,163 21%
Euroswiss               21,827               41,616 -48%       312,809     407,092 -23%
Long Gilt            195,467            182,576 7%            829,844         728,728 14%
 
Options
  Jan 2019 ADV Jan 2018 ADV Change OI 2019 OI 2018 Change
Euribor            139,239               225,046 -45%        7,980,577     7,980,577 1%
Short Sterling            206,913            165,727 25%        8,073,279     6,780,791 19%
Long Gilt                  769                       1,219 -37%                  7,648            5,504 39%
 
SONIA Futures
SOFR Futures
STIR Futures
STIR Options
Long Gilt Futures

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