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.
A capital efficient way to manage exposure at the short-term end of the sterling curve through a centrally cleared, exchange-traded contract.
Trade SONIA futures alongside ICE’s liquid European interest rate complex.
Key spread trading functionality and strategies available for interest rates on the ICE platform.