Daniel Collins on LinkedIn: ICE ESTR Futures the first to break 50k Open Interest ! Let me know if… (2024)

Daniel Collins

Head of F&O Rates Team - Dubai

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ICE ESTR Futures the first to break 50k Open Interest !Let me know if interested to hear more on the ways to trade ESTR futures across the exchanges.

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Suresh Babu Venkatesh

Vice President at Citi

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Indeed, this milestone could reflect several factors, including increased volatility in interest rates, a search for new hedging instruments, or simply the market's adjustment to using €STR as a benchmark following the shift away from EONΙΑ.

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  • Daniel Collins

    Head of F&O Rates Team - Dubai

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    US Rates Trader. July 4th Tomorrow. For those of you making lunch plans. He's the schedule for USTs and Sofr. Futures & Options Screen Wednesday 3rd July - Regular Close 5pm EST / 10pm BST – Normal Open 6pm EST / 11pm BSTThursday 4th July - Early close at 1pm EST / 6pm BST - Normal Open 6pm EST / 11pm BSTFriday 5th July - Regular Trading Options PitWednesday 3rd July - Early Close 1pm EST / 6pm BSTThursday 4th July - Closed.Friday 5th July - Regular Trading UST CashWednesday 3rd July - Early Close 2pm EST / 7pm BSTThursday 4th July - ClosedFriday 5th July - Regular Trading https://lnkd.in/ef5VsDSk #markets #cme #trading#futures #options

    CME Group Trading Hours - CME Group cmegroup.com

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  • Daniel Collins

    Head of F&O Rates Team - Dubai

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    A proud day for my padawan Dylan Stalick As he received his blue belt in BJJ. The belts begin at white > blue > purple > brown > black I like to describe it as a lot like climbing a mountain. White is ground level and it’s a very long walk uphill to the base camp of blue, you can make it if you just keep going. The distance from blue to purple isn’t as far but it’s a more technical climb and so on through the colours, shorter distances but steeper climbs. I love white to blue because the most change happens between those belts. A person comes into the gym with zero skills and they quickly learn no matter how tough they thought they were they are now bottom of the food chain. Your ego gets regulated and your mind opens up. To get from white to blue you are going to go through many days of feeling like you will never improve , to being tapped out 1000s of times, often by smaller ‘weaker’ opponents. Your body aches but yet you still show up to class and whilst it doesn’t feel like it at the time the glory is in this part of the climb.If you start jiu jitsu and you just keep showing up, you can earn a blue belt. Not only will you have developed a skill that could one day save your life, you will be stronger, fitter, sharper and if you embrace that keep showing up attitude into to your daily life then there are only further successes ahead.#mindset

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  • Daniel Collins

    Head of F&O Rates Team - Dubai

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    Quick Weekender: US Rates Traders Don’t forget Wednesday – Juneteeenth US Holiday.US Cash and Listed Options Pit are closed.SFR and UST Futures are open but with an ET 1pm early close then a normal reopen at 6pm. In UK terms that means the screen is open until 6pm with the reopen at 11pm BST. (I still don’t think CME calendar is clear but for those that want the link) https://lnkd.in/eRwFhetE#cme #markets #futures #options

    CME Group Trading Hours - CME Group cmegroup.com

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  • Daniel Collins

    Head of F&O Rates Team - Dubai

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    Sarron Futures – Yes Sarron Futures! Lots of market chatter about yesterday’s sell in front June. With an open interest increase of 2259 lots I’m not sure what that indicates – thoughts welcome. Potential fat finger? Curious to know if any else struggles with the post libor contract names, too many S’s.. Sofr, Sonia, Sarron or SFR, SFI, SSY - execution risk right there imho! If you trade Sarron please drop me a Bloomberg, I’m working on something that I hope will improve trading and liquidity for all participants. #markets #futures #ice #icestirs

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  • Daniel Collins

    Head of F&O Rates Team - Dubai

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    Eurex Euribor - If you follow my posts I’m interested in the growth of ESTR futures. ICE are leading the way, but Eurex are quietly creeping up. They always have had Euribors listed but similarly ICE has bund futures listed neither has traded. In light of the Eurex ESTR release it also has a basis contract which could be a catalyst for their Euribor growth. In past 3 days we have seen two large intermkt basis trades and Eurex's Euribor now accounts for 2% of Euribor mkt share - not a lot, but previously unheard of! Yesterday: 25k ERU4 96.40 vs 2x 12.5k FPUU4 Thursday: 25k ERU4 96.48 vs 2x 12.5k FPU4#markets #eurex #ice #futures

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  • Daniel Collins

    Head of F&O Rates Team - Dubai

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    Goldman Recommends Dec. 2024/Dec. 2025 Euribor flattener Supported by incremental domestic data and possible US spillovers, given the long wait until definitive data on a September cut; current rate-cut pricing suggests yields will struggle to rise from current levels, while the hawkish formal guidance lowers the bar for upcoming ECB speak to rebalance the debate a little more dovishly; bank’s economists continue to forecast a quarterly pace of rate cuts.Traded 27k lots on Friday#markets #tradeidea #euribor #futures #options

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Daniel Collins on LinkedIn: ICE ESTR Futures the first to break 50k Open Interest !

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