Intercontinental Exchange announced that its UK-based futures unit plans to launch a new three month, cash-settled futures contract based on the Sterling Overnight Index Average (SONIA) rate on June 1, 2018. The launch follows the introduction of the ICE One Month SONIA futures contract near the end of last year and complements ICE’s liquid and diverse range of interest rate futures and options contracts, which span multiple currencies (EUR, GBP, CHF and USD) and tenors (from overnight to 30 years).
