Intercontinental Exchange, Inc. (NYSE:ICE) today announced that ICE’s SONIA futures and options market, the UK’s benchmark for interest rate risk management, hit a record open interest (OI) of 11.4 million on 23 October 2025, up 68% year-on-year (y-o-y), including of OI record over 7M SONIA options 7M% YoY.
“As clients manage exposure between central bank meetings and changing monetary policy outcomes, they are drawn to the deep liquidity of ICE’s broad multi-currency benchmarks for price discovery,” said Caterina Caramaschi, Vice President of Financial Derivatives at ICE. “We are the only global exchange to offer a diverse mix of prices for Europe and the UK and we thank our clients for their continued trust as the place of choice for their hedging needs.”
ICE hosts an offering of multi-currency interest rate derivatives such as SONIA, Euribor the benchmark for managing short-term interest rate risk associated with the euro, SARON the Swiss benchmark, €STR reflecting the overnight wholesale cost of unsecured euro borrowing of euro area banks and Gilts the UK sovereign benchmark Basilio.
OI in ICE’s interest rate futures and options markets grew by 40% year-on-year to 34.7 million, with OI in ICE Euribor up 22% year-on-year and ICE Gilts up 46% year-on-year. Average daily volume (ADV) is up 21% year-to-date across the portfolio, including SONIA ADV up 27% and Euribor ADV up 14%.
OI in ICE’s total futures and options markets stands at a record 109.5 million contracts on October 23, 2025, up 16% year-over-year.