ICE Announces Record Open Interest Across its Interest Rate Derivatives Markets
Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that ICE's interest rate derivatives markets hit record open interest (OI) of 42.3 million contracts on February 11, 2026, up 45% year-over-year (y/y), as ICE's total OI across its futures and options markets hit a record 116.5 million.
ICE SONIA futures and options - the benchmark for managing U.K. interest rate risk - hit record OI of 15.4 million on February 11, 2026, including a record 11.7 million SONIA options, with OI up 63% and 70% respectively. In January 2025, a record 8.9 million SONIA options traded during the month, with record average daily volume of 426,000 contracts.
Meanwhile, ICE's MPC Dated SONIA futures, a cash settled future based on the interest rate accrued over a Bank of England Monetary Policy Meeting period, is seeing increased use by market participants who want to more precisely trade around central bank meeting dates, utilizing the margin offsets available when trading and clearing alongside ICE SONIA. On January 29, 2026, OI in MPC Dated SONIA futures surpassed 51,000 contracts for the first time.
Elsewhere, OI across Gilts, the benchmark for the U.K. government bond yield curve, is up 21% at 1.2 million contracts.
"As the only global exchange to offer a multi-currency rates portfolio, customers are benefiting from the diversity and deep liquidity of ICE's benchmark U.K. and EU rates markets as they respond to shifting monetary policy paths and cross-market signals," said Caterina Caramaschi, VP of Financial Derivatives at ICE. "The record open interest reflects the value customers find in using a single platform to align exposure across assets."
In addition to U.K. rates, ICE is home to Euribor, the benchmark for managing short term euro-related interest rate risk, with OI of 22.7 million across futures and options, up 33% y/y; as well as €STR, which reflects the wholesale euro unsecured overnight borrowing costs of banks located in the euro area, with futures OI of 2.2 million, up over 100% y/y; and SARON, the Swiss benchmark, with OI up 16% y/y.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE:ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the SEC on February 5, 2026.
Category: Exchanges
Source: Intercontinental Exchange
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