Intercontinental Exchange, the leading global network of exchanges and clearing houses, today announced that ICE Futures Europe reached a daily volume record of 199,692 contracts in Three Month Euro Swiss Franc (Euroswiss) futures on January 15, 2015. The previous record of 194,340 contracts was set on December 4, 2012.
The record volume in the ICE Futures Europe Euroswiss futures contracts follows yesterday’s announcement by the Swiss National Bank to cut the deposit rate to -0.75% and abandon the cap on the Euro/Swiss Franc exchange rate.
Year to date, Euroswiss futures have recorded an average daily volume of 42,945 contracts, up 168% compared to the same period of 2014. Open interest currently stands at 265,191 contracts as of January 14, 2015, up 30% on 2014.
ICE Futures Europe offers the most liquid and capital efficient platform for trading and clearing European interest rate products. In addition, ICE Futures Europe is the home for short term interest rate futures, including the Three Month Euribor futures contract, the Three Month Sterling futures contract, and the Euroswiss futures contract.
To view the official press release from the ICE, click here.