## Stir futures trading

STIR Futures Trading This two day course explains the unique properties of short-term interest rate futures and how the STIR futures market operates. Delegates will learn how to price and value STIR futures, use STIR futures to hedge interest rate exposures, and implement trading strategies such as spreads, butterflies, packs and bundles. An online resource for STIR (Short Term Interest Rate) futures traders and occasionally LTIR (Long Term Interest Rate) traders As a rule of thumb, CME Eurodollars make up 70-75% of STIR trading on any given trading day. Euribor volumes are surprisingly small Ask any trader, and they will confidently assert that Euribors are liquid and Short Sterling is a pig to trade due to a lack of liquidity. Of course, stir futures are LIBOR linked derivatives but LIBOR is very closely correlated with policy rates making stir futures ideal for the systematic trading of policy rate changes. The first chart shows the front month continuous short sterling contact (orange RHS) and the BOE Base Rate (purple LHS) over the last 20 years.

## A short-term interest rate (STIR) future is a futures contract that derives its value from the interest rate at maturation. Common short-term interest rate futures are Eurodollar, Euribor, Euroyen, Short Sterling and Euroswiss, which are calculated on LIBOR at settlement, with the exception of Euribor which is based on Euribor. This value is calculated as 100 minus the interest rate.

However, STIR futures are often used to speculate on or hedge against changes in official interest rates due to their liquidity and transparency since all short rate products will generally reflect changes in policy rates. This two day course explains the unique properties of short-term interest rate futures and how the STIR futures market operates. Delegates will learn how to price and value STIR futures, use STIR futures to hedge interest rate exposures, and implement trading strategies such as spreads, butterflies, packs and bundles. Short term interest rate futures (STIR futures) are one of the largest financial markets in the world. The two main contracts, the Eurodollar and Euribor regularly trade in excess of one trillion dollars and euros of US and European interest rates each day. STIR futures are traded on a completely electronic market place. ICE offers a broad range of interest rate products for trading the short end of the Sterling and Euro curves, including benchmark Short Sterling, Euribor ® and Euroswiss futures, as well as SONIA futures which are growing in liquidity.

### This two day course explains the unique properties of short-term interest rate futures and how the STIR futures market operates. Delegates will learn how to price and value STIR futures, use STIR futures to hedge interest rate exposures, and implement trading strategies such as spreads, butterflies, packs and bundles.

Provides free COT charts and free COT reports for futures, based on the Commitments of Traders data.

### STIR Futures. An abbreviation for short-term interest rate futures. It is an interest rate futures contract in which the underlying is typically the three-month interest rate on a floating rate such as LIBOR, EURIBOR, etc. Some firms use short term interest rate futures a hedge toll against the risk of borrowing and/or lending.

View Short Term Interest Rate (STIR) futures in Spread Matrix to view and quickly trade outrights and calendar spreads. Add a currency future to Autospreader to A Gilt Future contract (“Gilt Future”) is a deliverable derivative contract based on a Contract specifications setting out key details of all STIR Futures traded on STIR is an acronym standing for "short-term interest rate," and options or futures contracts on these rates are referred to by institutional traders as STIR futures or STIR options. All CME Group STIR futures contracts trade in price terms, rather than in yield terms. In order to facilitate trading in price terms, CME Group developed the IMM price quotation, which is the implied yield subtracted from 100. For example, a Eurodollar futures quote of 97.51 represents an equivalent yield of 2.49%. However, STIR futures are often used to speculate on or hedge against changes in official interest rates due to their liquidity and transparency since all short rate products will generally reflect changes in policy rates. This two day course explains the unique properties of short-term interest rate futures and how the STIR futures market operates. Delegates will learn how to price and value STIR futures, use STIR futures to hedge interest rate exposures, and implement trading strategies such as spreads, butterflies, packs and bundles. Short term interest rate futures (STIR futures) are one of the largest financial markets in the world. The two main contracts, the Eurodollar and Euribor regularly trade in excess of one trillion dollars and euros of US and European interest rates each day. STIR futures are traded on a completely electronic market place.

## This two day course explains the unique properties of short-term interest rate futures and how the STIR futures market operates. Delegates will learn how to price

A Gilt Future contract (“Gilt Future”) is a deliverable derivative contract based on a Contract specifications setting out key details of all STIR Futures traded on STIR is an acronym standing for "short-term interest rate," and options or futures contracts on these rates are referred to by institutional traders as STIR futures or STIR options. All CME Group STIR futures contracts trade in price terms, rather than in yield terms. In order to facilitate trading in price terms, CME Group developed the IMM price quotation, which is the implied yield subtracted from 100. For example, a Eurodollar futures quote of 97.51 represents an equivalent yield of 2.49%. However, STIR futures are often used to speculate on or hedge against changes in official interest rates due to their liquidity and transparency since all short rate products will generally reflect changes in policy rates. This two day course explains the unique properties of short-term interest rate futures and how the STIR futures market operates. Delegates will learn how to price and value STIR futures, use STIR futures to hedge interest rate exposures, and implement trading strategies such as spreads, butterflies, packs and bundles. Short term interest rate futures (STIR futures) are one of the largest financial markets in the world. The two main contracts, the Eurodollar and Euribor regularly trade in excess of one trillion dollars and euros of US and European interest rates each day. STIR futures are traded on a completely electronic market place.

A short-term interest rate (STIR) future is a futures contract that derives its value from the interest rate at maturation. Common short-term interest rate futures are Eurodollar, Euribor, Euroyen, Short Sterling and Euroswiss, which are calculated on LIBOR at settlement, with the exception of Euribor which is based on Euribor. This value is calculated as 100 minus the interest rate. STIR is an acronym for "short-term interest rate" therefore STIR futures and options are derivatives based on short-term interest rates. Feb 24, 2011 - 5:57pm. They trades STIR futures, FRAs, FRNs, (maybe) currency forwards, (maybe) forwards of forwards, and fx swaps. They also can trade exchange-traded options on short rates. Maybe try Fabozzi 'Fixed Income Handbook,' or 'Options, Futures & Other Derivatives.'. Provides free COT charts and free COT reports for futures, based on the Commitments of Traders data. STIR Futures Trading. This two day course explains the unique properties of short-term interest rate futures and how the STIR futures market operates. Delegates will learn how to price and value STIR futures, use STIR futures to hedge interest rate exposures, and implement trading strategies such as spreads, butterflies, packs and bundles.