Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today 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.
“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,” said Caterina Caramaschi, Vice President, Financial Derivatives at ICE.
Through Euribor, ICE offers customers the most liquid European interest rate futures and options markets. Since the start of the year, 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.
