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Interest rate derivatives

ICE operates the largest marketplace for U.K. and European interest rates futures and options, including ESTR, Euribor, SONIA and Gilts, as well as SARON futures. Our global rate contracts span geographies, currencies and tenors, providing participants around the world with effective tools to manage risk in a capital-efficient manner.

ICE interest rates highlights
Get a comprehensive snapshot of monthly activity in ICE-listed interest rate derivatives, including key trends and performance metrics.
ICE financial derivatives
ICE’s financial derivatives franchise empowers traders with a comprehensive, multi-asset platform covering equity derivatives and interest rate derivatives.
EMIR 3.0
EMIR 3.0 aims to boost clearing activity in the EU by requiring certain market participants to maintain active accounts with EU-based CCPs.
EUR rates

Laura Carlyle — Director and Senior Fixed Income Trader, BlackRock

U.K. rates

Douglas Kerr — Head of Rates Future Sales Trading, Goldman Sachs

Short-Term Interest rate futures & options

Helen Hartwell — Global Head of Exchange Traded Derivatives Strategic Development and Market Structure, UBS

ICE Central Bank Dated STIR futures

Trade central bank rate decisions with precision

Interest rate derivatives

We offer a comprehensive marketplace for global interest rate and credit derivatives. These contracts span multiple geographies, currencies, and tenors, covering benchmarks such as Euribor, SONIA, Gilts, and SARON, and provide participants worldwide capital-efficient tools to manage risk and optimize exposure.

SARON
South Africa
Long EU Bond Index
Rate Lock
Architecture

Factsheets

ESTR
Medium Gilt
Central Bank Futures
Long EU Bond
Corporate Credit
Three Month TONA
Three Month STIBOR Futures
Three Month NIBOR and NOWA

Products

Short-Term Interest Rate futures & options
Government Bond futures & options
ICE U.S. 30-year Fixed Mortgage Rate Lock Weighted APR Index futures
Swapnote futures
Corporate Credit futures
People on devices

ICE STIR Pricer

The ICE STIR Pricer is a complimentary Excel-based tool developed by the ICE rates team, providing sophisticated pricing and analytics across ICE's short-term interest rate futures, covering Euribor, SONIA, ESTR and more.

Whether you're a broker building rate scenario models to generate options trade ideas around key strikes, a liquidity provider calibrating your trading models or a market participant looking to extract central bank rate probabilities implied by the futures market, the ICE STIR Pricer gives you a flexible and intuitive framework to do it.

Used across buy-side and sell-side firms, it has become an established tool for participants active in short-term rate markets.

Contact the ICE interest rates team for more information.

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