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Trading in SONIA Peaks on ICE as Investors Bet on Higher Interest Rates

Derivatives trading on the Sterling Overnight Index Average (SONIA) reached a new height of 1.37 million futures and options contracts on May 24, International Exchange (ICE) said on Friday. SONIA is a benchmark interest rate for short-term unsecured lending in the United Kingdom. The new record beats a previous peak of 1.147 million SONIA futures and options contracts traded on February 2, 2023.UK Investors Count on Higher RatesICE, a global exchange and clearing house operator, explained that... Read More

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Posted: May 26 2023, 19:31

Author Name: financemagnates

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