ICE announces record OI across its interest rate futures markets
Intercontinental Exchange, Inc. (NYSE:ICE) today announced record open interest (OI) across its interest rate futures markets, driven by record OI in Euribor and €STR futures.
On September 2, 2026, ICE’s interest rate futures markets hit record OI of 14.5 million contracts, up 25% year-over-year (y/y), including ICE Euribor futures record OI of 5.8 million contracts, up 16% (y/y) and ICE €STR record OI of 3.3 million contracts, up 109% y/y.
ICE is home to Euribor, the benchmark for managing short-term euro-related interest rate risk, as well as €STR, which reflects the wholesale euro unsecured overnight borrowing costs of banks located in the euro area. Together, these markets give customers the tools to express views across the euro rates curve, from overnight funding costs to medium-term rate expectations.
“The record open interest across Euribor and €STR futures reflects the confidence customers have in ICE’s European rates markets and the depth of liquidity across our benchmark contracts,” said Caterina Caramaschi, VP of Financial Derivatives at ICE. “This liquidity enables market participants to manage interest rate risk with precision from a single, capital-efficient venue, which is critical during periods of heightened uncertainty.”
“As the only exchange offering a truly multi-currency rates portfolio, customers benefit from our breadth of contracts spanning geographies, currencies and tenors, helping them to express market views across the global rates landscape,” continued Caramaschi.
Euro rates are available to trade alongside ICE’s U.K. rates markets, including SONIA futures and options, the benchmark for managing U.K. interest rate risk, with OI up 68% y/y and Gilts futures and options, the benchmark for the U.K. bond yield curve, with OI up 4% y/y. ICE also offers rates contracts across Australian, Japanese, Swedish and Norwegian markets, as well as SARON, the Swiss benchmark.
Together with ICE’s equity derivatives markets, ICE’s interest rate markets make up its broader financial derivatives complex with OI up 36% y/y. ICE’s financial futures hit record OI of 16.9 million contracts on September 2, 2026, up 21% y/y.
