LONDON--(BUSINESS WIRE)-- Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that on December 1, 2017, ICE Futures Europe expects to launch a new one month, cash-settled futures contract based on the Sterling Overnight Index Average (SONIA) rate.

“We are pleased to introduce SONIA futures to our Sterling interest rate portfolio alongside the highly liquid Short Sterling and Gilt futures markets” said Stuart Williams, President, ICE Futures Europe. “We’ve seen significant growth in demand in both Sterling and Euro interest rate futures and options this year, and remain committed to developing innovative solutions that meet the needs of our customers.”

ICE offers a comprehensive range of European interest rate futures and options contracts across geographies and tenors from short- and medium-term rates to long-term rates.

In the first nine months of 2017 average daily volume in ICE’s interest rate futures and options contracts, including Short Sterling, Euribor and Gilts, grew 38%, and open interest increased 46% year over year.

About Intercontinental Exchange

Intercontinental Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.

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.

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, 2016, as filed with the SEC on February 7, 2017.

About SONIA®

SONIA is a registered trade mark of the Bank of England. WMBA Ltd have been granted permission by the Bank of England, under license, to sub-license the Data and the associated trademarks. The use of such mark does not imply or express any approval or endorsement by the Bank of England.

SOURCE: Intercontinental Exchange

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ICE
Media Contact:
Claire Miller
+44 (0)20 7065 7745
claire.miller@theice.com
or
Investor Contact:
Warren Gardiner
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Warren.Gardiner@theice.com

Source: Intercontinental Exchange