Ice rates contracts leapfrog CME SOFR in June
Ice rates open interest hits $62.3trn as euro and sterling hedging demand climbs
Notional open interest in Ice interest rate derivatives surpassed CME flagship SOFR (secured overnight financing rate) contracts for the first time in June, as demand for euro- and sterling-denominated hedges continued to climb, data from the two exchanges shows.
Daily open interest in Euribor, Sonia and €STR contracts on Ice reached a combined $62.3 trillion in mid-June, ahead of CME’s $55.9
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