Market Overview

Intercontinental Exchange Announces October 1 Launch of ICE One and Three Month SOFR Futures

Share:

Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced that subject to relevant regulatory approvals,
ICE Futures Europe plans to launch one month and three month,
cash-settled futures contracts based on the Secured
Overnight Financing Rate (SOFR)
on October 1, 2018.

ICE also intends to offer futures on Euro and Swiss Franc alternative
risk free interest rates once the underlying benchmarks on these
currencies become available. The SOFR launch follows the introduction of
the ICE
One Month and Three Month SONIA futures
in December 2017 and June
2018. Together, ICE SOFR and ICE SONIA futures provide a global offering
to trade and hedge alternative risk free rates alongside Euribor,
Sterling, Euroswiss, Gilt and other interest rate benchmarks.

ICE Futures Europe President, Stuart Williams said: "The introduction of
SOFR futures extends our offering to U.S. alternative risk free rates
and complements our strategy to provide choice in global interest rate
markets. Our range of interest rate futures and options contracts
continues to grow to cover more geographies, currencies and tenors."

The ICE interest rate franchise is building on last year's solid growth
with average daily volume and open interest across the complex up 6% and
11% y/y through July 31. ICE's SONIA futures continue to see growth with
more than 60,000 contracts traded since launch, representing around £128
billion notional value.

About Intercontinental Exchange

Intercontinental
Exchange
 (NYSE:ICE) is a Fortune 500 and Fortune Future 50 company
formed in the year 2000 to modernize markets. ICE serves customers by
operating the exchangesclearing
houses
 and information services they rely upon to invest, trade and
manage risk across global financial and commodity markets. A leader in
market data, ICE Data
Services
 serves the information and connectivity needs across
virtually all asset classes. As the parent company of the New
York Stock Exchange
, the company raises more capital than any other
exchange in the world, driving economic growth and transforming markets.

Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at http://www.intercontinentalexchange.com/terms-of-use.
Key Information Documents for certain products covered by the EU
Packaged Retail and Insurance-based Investment Products Regulation can
be accessed on the relevant exchange website under the heading "Key
information Documents (KIDS)".

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statements in this press release regarding ICE's business
that are not historical facts are "forward-looking statements" that
involve risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2017, as filed with the SEC on February 7, 2018.

About SONIA®

The "SONIA" mark is used under licence from the Bank of England (the
benchmark administrator of SONIA), and the use of such mark does not
imply or express any approval or endorsement by the Bank of England.
"Bank of England" and "SONIA" are registered trademarks of the Bank of
England.

SOURCE: Intercontinental Exchange

ICE-CORP

View Comments and Join the Discussion!