Buying and selling actions in futures
and choices on the Intercontinental Alternate (ICE) reached a brand new excessive on Monday,
March 13, as 14.45 million contracts had been traded on mentioned day. The amount
surpassed the earlier peak file set three years in the past on March 12, 2020, at
the onset of the COVID-19 pandemic.
ICE, which operates futures and
money exchanges and central clearing homes, disclosed the milestone in an announcement launched on Wednesday. “Quantity information set on March 13, 2023, included ICE’s
financials futures and choices portfolio, with a file 10 million contracts
traded, the very best degree since Might 29, 2018,” the trade operator added.
Talking on the brand new information,
Chris Rhodes, President of ICE Futures Europe, famous that the rise displays
the growing use of futures as a threat administration device.
“The file degree of buying and selling
exercise which occurred on ICE’s markets on March 13 displays a sudden change
in threat sentiment in U.S. regional financial institution shares, which collided with curiosity
fee expectations that had been priced for central financial institution tightening,” mentioned Chris
Rhodes, President of ICE Futures Europe. “These volumes mirror a flight to
liquidity, demonstrating the reliability of futures markets as a threat
administration device,” Rhodes added.
Giving additional particulars on the
information, ICE disclosed that futures and choices buying and selling primarily based on the Euro
Interbank Supply Fee (EURIBOR) peaked at a file 5.49 million contracts throughout
the day. This beats the earlier file set on Might 29, 2018. Euribor is a
reference fee that measures the common rate of interest at which banks within the
eurozone are keen to lend to one another on a
short-term foundation.
Alternatively, buying and selling
actions primarily based on the Sterling In a single day Index Common (SONIA) surged to
file 1.17 million futures and choices contracts. SONIA is the common fee
banks within the British sterling market are keen to offer in a single day lending
to different banks in want of funding.
“For comparability, common each day
quantity (ADV) yr so far in ICE’s monetary futures and choices portfolio is 3
million contracts whereas ADV in Euribor is 1.8 million contracts,” ICE famous.
Buying and selling actions in futures
and choices on the Intercontinental Alternate (ICE) reached a brand new excessive on Monday,
March 13, as 14.45 million contracts had been traded on mentioned day. The amount
surpassed the earlier peak file set three years in the past on March 12, 2020, at
the onset of the COVID-19 pandemic.
ICE, which operates futures and
money exchanges and central clearing homes, disclosed the milestone in an announcement launched on Wednesday. “Quantity information set on March 13, 2023, included ICE’s
financials futures and choices portfolio, with a file 10 million contracts
traded, the very best degree since Might 29, 2018,” the trade operator added.
Talking on the brand new information,
Chris Rhodes, President of ICE Futures Europe, famous that the rise displays
the growing use of futures as a threat administration device.
“The file degree of buying and selling
exercise which occurred on ICE’s markets on March 13 displays a sudden change
in threat sentiment in U.S. regional financial institution shares, which collided with curiosity
fee expectations that had been priced for central financial institution tightening,” mentioned Chris
Rhodes, President of ICE Futures Europe. “These volumes mirror a flight to
liquidity, demonstrating the reliability of futures markets as a threat
administration device,” Rhodes added.
Giving additional particulars on the
information, ICE disclosed that futures and choices buying and selling primarily based on the Euro
Interbank Supply Fee (EURIBOR) peaked at a file 5.49 million contracts throughout
the day. This beats the earlier file set on Might 29, 2018. Euribor is a
reference fee that measures the common rate of interest at which banks within the
eurozone are keen to lend to one another on a
short-term foundation.
Alternatively, buying and selling
actions primarily based on the Sterling In a single day Index Common (SONIA) surged to
file 1.17 million futures and choices contracts. SONIA is the common fee
banks within the British sterling market are keen to offer in a single day lending
to different banks in want of funding.
“For comparability, common each day
quantity (ADV) yr so far in ICE’s monetary futures and choices portfolio is 3
million contracts whereas ADV in Euribor is 1.8 million contracts,” ICE famous.
