The ICE Term SONIA Reference Rates (ICE TSRR) can now be used as a benchmark for use in financial instruments as firms look to end their reliance on LIBOR.
CME Group loses position of most valuable exchange group to HKEX as the Hong Kong venue’s long-serving CEO steps away.
Volumes had more than doubled in the fourth quarter of 2020, marking the strongest period of activity since the exchange launched portfolio trading.
Cumulative contract volume for one month and three-month SONIA at ICE has reached more than £13 trillion notional as it launches SONIA options.
The Tradeweb data will be added to the waterfall methodology of ICE Term SONIA reference rates for expected SONIA rates over one, three, and six-month tenor periods.
The FIX API will provide Bank of America with an electronic workflow between its OMS and ETF issuers’ platforms via the ICE ETF Hub.
ICE Clear Credit will now offer clearing of index options on the CDX North American investment grade and high yield indices and will expand further next year.
Brownstone Investment Group, Sumridge, and Wolverine have joined Flow Traders in participating in the ICE ETF Hub basket negotiation pilot scheme.
ICE said open interest in its three month SONIA futures grew to record levels recently as it prepares to launch new SONIA options.
ICE has started publishing the beta version of the ICE Swap Rate for swaps referencing SONIA for market participants to test and submit feedback.