Who’s winning the €STR futures race? Depends how you measure
CME, Eurex and Ice all claim to be leading, but experts say it’s too early to pick a winner
With the first full quarter in the three-way battle for €STR futures dominance in the books, all three exchanges in the running claim to be ahead on at least one metric – sparking a debate over how to measure uptake of the new contracts.
Eurex surged into an early lead by volume, averaging more than 60,000 contracts a day in the first quarter – over half the daily activity across all exchanges
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