London-based exchange cut its sterling interest rate future tick size on Monday
The Intercontinental Exchange hopes to
build on stronger short-term interest rate trading (Stir) late
last year by offering another boost to its main contract by
halving its tick size.
ICE Futures Europe, formerly Liffe, said
on Tuesday that it successfully cut on Monday the tick size on
its most actively traded three month sterling interest rate
future to 0.005 from 0.01.
The exchange said in a statement to
clients that the decision was "based on customer consultation"
and was designed to "to provide more granular pricing for
trading and risk management".
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