ICE Reports Highest Trading Volumes in Euribor for Ten Years

ICE offers customers liquid European interest rate futures and options through Euribor and since the start of 2023 the open interest in Euribor is up 6% at 14.56 million, while open interest in SONIA, the benchmark for managing UK-interest rate risk, is up 8% at 2.25 million.

April 5, 2023 - ICE, a provider of data, technology, and market infrastructure, announced the highest trading volumes in Euribor derivatives, the benchmark for managing short term Euro-related interest rate risk, for ten years.

In March 2023, a record 49.5 million Euribor futures and options contracts traded. This surpassed the monthly volume record last set in January 2013. In addition, Euribor futures set a record for average daily volume (ADV) during March 2023 of 1.75 million contracts. ADV in Euribor is up 24% year-over-year at 1.8 million contracts.

Caterina Caramaschi, Vice President, Financial Derivatives at ICE commented: “The depth of Euribor liquidity, and its diversity in terms of its participant base globally, has enabled our customers to manage an uncertain path for European interest rates during the recent volatility.