Intercontinental Exchange Inc. · NYSE:ICE
Intercontinental Exchange — Fact Sheet (2025)
4 slides from Intercontinental Exchange's fact sheet, 2025
Slide 1: ICE Medium Gilt Future
ICE Medium Gilt Future ICE Medium Gilt Futures contract is a future deliverable into eligible U.K. government debt securities with maturities of 4 years to 6 years and 3 months and an original term to maturity of 11 years or less. In addition it’s possible to execute Medium Gilt Futures vs Long Gilt
Slide 2: Background
Background The Long Gilt Future was launched in 1982 and has been helping traders manage risk in the U.K. govt. debt market for over 40 years. The last few years have seen a renewed focus on U.K. rate products and open interest in the Long Gilt Future has increased by over 170% since Jan 2023. The r
Slide 3: Gilt market skewed to longer dated securities; issuance shifting shorter
The U.K. government debt market has traditionally been skewed to longer dated securities, as this chart of the amounts outstanding shows: Amount outstanding of Gilts in issue as of May 2025 (in £ million) 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 0-12 months 1-3 years 3-7 yea
Slide 4: Secondary market trading concentrations by maturity
Secondary market trading for existing issuance shows there are concentrations in the 10 year+ area and the 3–7 year area. The Medium Gilt Future will assist with the management of the latter. GEMM turnover by maturity band in Q4 2024 30% 25% 20% 15% 10% 5% 0% 0-12 months 1-3 years 3-7 years 7-10 yea
Intercontinental Exchange — Fact Sheet (2025) on 6ix