Exchange Focus
CME Group: Now available - SONIA Futures

October 2018

At CME Group, SONIA futures trade alongside SOFR futures and Cleared SOFR Swaps to offer clients the broadest product scope and unmatched efficiencies for trading alternative reference rates, globally.

  • Quarterly IMM SONIA futures (code: SON) observe the recommended specifications of the Working Group on Sterling Risk Free Reference Rate
  • MPC SONIA futures (code: MPC) are based on the meeting dates of the Bank of England’s Monetary Policy Committee (MPC) to provide greater precision in hedging between the dates of Central Bank policy meetings
  • Compounding of final settlement in both contracts aligns with OTC OIS swap conventions
  • Enjoy spread trading and day-one margin offsets with other STIR futures, including up to 50% offsets with Eurodollar futures
  • Benefit from CME Group’s unparalleled electronic distribution and network of FCM/ISV partners

Learn More about SONIA Futures

Further information:

If you would like further information, please contact CME Group.