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ICE Euribor open interest hits record 26.8M lots

Created at 1 Jun · 4:33 PM2 sources↑ Market-relevant2 events
IN SHORT

ICE Euribor open interest has surpassed 26.8 million lots, setting a new record and surpassing the previous high from 2010. Additionally, ICE €STR futures reached a record of over 3 million lots, indicating growth in ICE's European interest rate complex.

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Key Numbers

26.8 millionICE Euribor open interest lots
3 millionICE €STR futures lots

Who's Involved

ICE
Operator of Euribor and €STR futures

↳ Why This Matters

The growth in open interest for ICE Euribor and €STR futures reflects increased activity and hedging in European interest rate markets. This surge suggests heightened market participation and potentially greater uncertainty or strategic positioning related to European monetary policy and economic conditions.

Key facts

  • ICE Euribor open interest surpassed 26.8 million lots, a new record.
  • The previous record for ICE Euribor open interest was set in 2010.
  • ICE €STR futures reached a record of over 3 million lots.
  • These records indicate growth in ICE's European interest rate complex.

The growth in open interest for ICE Euribor and €STR futures reflects increased activity and hedging in European interest rate markets. This surge suggests heightened market participation and potentially greater uncertainty or strategic positioning related to European monetary policy and economic conditions.

Frequently asked questions

ICE Euribor is a benchmark interest rate for the Eurozone, representing the average interest rate at which a selection of banks on the European interbank market are prepared to lend to one another.

ICE €STR futures are financial contracts based on the Euro Short-Term Rate (€STR), which is the European Central Bank's reference rate for overnight unsecured bank funding in Euros.

Open interest represents the total number of outstanding derivative contracts that have not been settled. A record high in open interest suggests increased trading volume and market participation.

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How It Developed

1 Jun · 4:29 PM
ICE Euribor open interest surpassed 26.8 million lots, a new record, alongside over 3 million lots in ICE €STR futures.
@ICE_Markets via PiQSuite
1 Jun · 4:25 PM
New records were set for ICE Euribor and ICE €STR futures open interest, reflecting growth in ICE's European interest rate complex.
@ICE_Markets via PiQSuite

Sources

T1
New record: ICE Euribor has surpassed 26.8 million lots in open interest, topping the previous high set in 2010, along with a record of over 3 million lots in ICE €STR futures. Together they reflect the continued growth of ICE's European interest rate complex, with €STR https://t.co/jufKy85RK6@ICE_Markets via PiQSuite
T1
New record: ICE Euribor has surpassed 26.8 million lots in open interest, topping the previous high set in 2010, along with a record of over 3 million lots in ICE €STR futures. Together they reflect the continued growth of ICE's European interest rate complex, with €STR https://t.co/k0UkXsc7et@ICE_Markets via PiQSuite

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