LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that ICE One Month SONIA futures achieved record trading volume yesterday of 4,563 contracts and ICE One Month and Three Month SONIA futures both set record open interest on July 24, 2018, totalling 14,034 contracts and representing £33 billion.
ICE SONIA futures have now traded more than £100 billion in notional value since the One Month and Three Month contracts launched on December 1, 2017 and June 1, 2018. The One Month and Three Month contracts represent £3 million and £1 million in notional value, respectively.
Stuart Williams, President, ICE Futures Europe said: “The growing liquidity and interest in ICE’s SONIA franchise offers customers the product depth and diversity needed to manage risk in an evolving interest rate environment.”
Available on the ICE platform alongside our existing suite of LIBOR based interest rate futures and options provides participants with a choice of benchmarks and the ability to manage risk in a capital efficient manner.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 and Fortune Future 50 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company raises more capital than any other exchange in the world, driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. 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)”.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2017, as filed with the SEC on February 7, 2018.
SOURCE: Intercontinental Exchange
