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Architecture

Interest rate derivatives

ICE operates the largest marketplace for U.K. and European interest rates futures and options, including ESTR, Euribor, SONIA and Gilts, as well as SARON futures. Our global rate contracts span geographies, currencies and tenors, providing participants around the world with effective tools to manage risk in a capital-efficient manner.

EUR rates

Laura Carlyle — Director and Senior Fixed Income Trader, BlackRock

U.K. rates

Douglas Kerr — Head of Rates Future Sales Trading, Goldman Sachs

Short-Term Interest rate futures & options

Helen Hartwell — Global Head of Exchange Traded Derivatives Strategic Development and Market Structure, UBS

ICE Central Bank Dated STIR futures

Trade central bank rate decisions with precision

Interest rate derivatives

We offer a comprehensive marketplace for global interest rate and credit derivatives. These contracts span multiple geographies, currencies, and tenors, covering benchmarks such as Euribor, SONIA, Gilts, and SARON, and provide participants worldwide capital-efficient tools to manage risk and optimize exposure.

EUR rates

Euribor

Euro term benchmark - 3m

€STR

Euro overnight RFR

ECB central bank

Dated €STR futures

Long EU bond

EU bond index futures

GBP rates

SONIA

Sterling overnight RFR

BoE central bank

MPC dated SONIA futures

AUD rates

BBSW

Three Month BBSW futures

USD rates

Rate lock

US 30Y mortgage rate futures

CHF rates

SARON

Swiss overnight RFR

JPY rates

TONA

Japan overnight RFR

ZAR rates

ZARONIA

South Africa overnight RFR

Scandinavian rates

STIBOR

Sweden term benchmark

SWESTR

Sweden overnight RFR

NIBOR

Norway term benchmark

NOWA

Norway overnight RFR

ICE STIR Pricer


The ICE STIR Pricer is a complimentary Excel-based tool developed by the ICE rates team, providing sophisticated pricing and analytics across ICE's short-term interest rate futures, covering Euribor, SONIA, ESTR and more.

Whether you're a broker building rate scenario models to generate options trade ideas around key strikes, a liquidity provider calibrating your trading models or a market participant looking to extract central bank rate probabilities implied by the futures market, the ICE STIR Pricer gives you a flexible and intuitive framework to do it.

Used across buy-side and sell-side firms, it has become an established tool for participants active in short-term rate markets.

Contact the ICE interest rates team for more information.

Click here to see a preview