Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure, and home to the most liquid markets for trading FTSE®, MSCI® and multi-currency European interest rate derivatives, today named Caterina Caramaschi as head of a combined portfolio covering ICE’s global interest rates and equity derivatives futures and options.
Caramaschi, who becomes Vice President, Financial Derivatives, has worked at ICE and formerly LIFFE, for 21 years. She has held the role of ICE’s Global Head of Equity Derivatives since December 2020.
“Caterina demonstrates many of the qualities which differentiates leaders at ICE across teamwork, collaboration, and being focused on solving our customers’ problems, no matter how complex, every single day,” said Trabue Bland, SVP, Futures Exchanges at ICE. “As the head of a product set covering some of the biggest interest rate and equity derivative benchmarks, at a time when investor’s priorities are firmly focused on interest rate changes and the outlook for global economies, Caterina’s two decades of financial market experience, and the relationships cultivated during that, will be invaluable in developing these products to the benefit of our customers.”
In her new role, Caramaschi becomes responsible for ICE’s interest rate futures markets, which include the benchmark Euribor, UK Gilt, SONIA, SARON, and ICE’s mortgage rate lock futures, as well as the global equity derivatives complex, which offers customers the most liquid markets in the world to trade derivatives based on MSCI® and FTSE® indices, as well as the NYSE FANG+® Index.
Open interest in Euribor is up 85% year-over-year (y/y) at approximately 18 million contracts, with average daily volume (ADV) up 83% at 1.47 million contracts, reflecting how customers are using Euribor futures and options to manage Euro-denominated interest rate risk and expectations for the Eurozone economy.
ADV in ICE’s equity derivatives complex is up 16% y/y at approximately 456,000 contracts, with open interest of roughly 4.5 million contracts, while ADV in ICE’s MSCI® futures is up 21% y/y, with open interest of approximately 1.84 million. Across ICE’s FTSE® complex, ADV is up 7% y/y at 184,400 contracts, with open interest up 8% since the start of the year at roughly 2.6 million.
FTSE® and the FTSE indexes are trademarks and service marks of the London Stock Exchange plc and Financial Times Limited and are used under license. MSCI® and the MSCI indexes are trademarks and service marks of MSCI Inc. or its affiliates and are used under license.
