ICE Futures Crosses New Record in EUR CHF Futures – Surpasses 199,600 Contracts
- The recent change in Switzerland’s core interest rate by the SNB has seen extreme market behaviour. The ICE Exchange brought a fresh layer of positivity reporting record volumes in the main EUR Swiss derivatives contract.
Leading multi-asset financial trading venue, The Intercontinental Exchange (ICE), has reported positive metrics in its Euro Swiss financial futures contract listed on the exchange, the firm saw daily volumes transacted on the 15th of January crossing previous record highs. Total contracts reached a daily volume record of 199,692 contracts in Three Month Euro Swiss Franc (Euroswiss) futures.
The news brings a dose of optimism to the marketplace after a dismal day which saw leading retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term providers suffer at the helm of Thomas Jordan, SNB’s Chairman. ICE, one of the largest cross-asset exchange’s notification of volumes comes as no surprise as market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term supported trader activity.
The current record passes the venue’s previous record of 194,340 contracts which 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.
The Swiss franc has been the talk of the market since 2011, when the central bank first implanted the floor at 1.20 to safeguard its economy. Central banks have been known to wave their protectionist wand as they hope to safeguard their currency, the SNB finally removed the peg which caused ample grief in the markets.
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.
Leading multi-asset financial trading venue, The Intercontinental Exchange (ICE), has reported positive metrics in its Euro Swiss financial futures contract listed on the exchange, the firm saw daily volumes transacted on the 15th of January crossing previous record highs. Total contracts reached a daily volume record of 199,692 contracts in Three Month Euro Swiss Franc (Euroswiss) futures.
The news brings a dose of optimism to the marketplace after a dismal day which saw leading retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term providers suffer at the helm of Thomas Jordan, SNB’s Chairman. ICE, one of the largest cross-asset exchange’s notification of volumes comes as no surprise as market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term supported trader activity.
The current record passes the venue’s previous record of 194,340 contracts which 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.
The Swiss franc has been the talk of the market since 2011, when the central bank first implanted the floor at 1.20 to safeguard its economy. Central banks have been known to wave their protectionist wand as they hope to safeguard their currency, the SNB finally removed the peg which caused ample grief in the markets.
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.