Battle lines drawn as exchanges launch €STR futures
CME is betting its three-month contracts will give it an edge over Ice’s one-month version
The battle to dominate trading in futures linked to the euro short-term rate, or €STR, could come down to contract maturities.
Ice Futures Europe launched one-month €STR futures in August, while CME entered the fray with its three-month contracts on October 31.
Ice is widely considered to hold the advantage in euro rates markets, given its dominance in Euribor futures. But CME is betting its three-month expiry will peel liquidity from its rival.
“If you want to hedge a two-year swap, you don
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Who’s winning the €STR futures race? Depends how you measure
CME, Eurex and Ice all claim to be leading, but experts say it’s too early to pick a winner
