On May 31, ICE FEU extended one month liquidity provider program.
ICE FEU extended the one month SONIA index futures liquidity provider (LP) program.
Program, last updated in circular 22/077, was due to expire on May 31, 2023.
It has been extended on existing terms with new expiration date of May 31, 2024.
Overview
Appointed LPs have to make two tier continuous two-way prices, at or tighter than a specified bid-offer quote spread in front 4 outright one month SONIA index futures (1M SONIA futures) and front 7 one month calendar spreads that have 1 month intervals.
For each defined contract, LPs’ quoting activity will be measured relative to spread (benchmark spread”), size (benchmark size) and presence (benchmark presence).
Effectiveness
One month SONIA index futures liquidity provider program expires on May, 31, 2024.
