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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.

ICE STIR Pricer


The ICE STIR Pricer is a complimentary Excel-based tool developed by the ICE rates team, providing 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 support analysis of key strikes, a liquidity provider calibrating your trading models or a market participant looking to explore 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.

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