Intercontinental Exchange, a global provider of data, technology, and market infrastructure, and home to the most liquid markets for trading FTSE derivatives, is to launch a FTSE 100 Index Total Return Future (TRF) on 14 November, 2022, subject to regulatory approval.

The ICE FTSE 100 Index TRF seeks to replicate the theoretical returns on a FTSE 100 index total return swap in a more cost-efficient and transparent way, allowing participants to manage or gain exposure to the FTSE 100 index, including its market and dividend risk, without owning the cash underlying.

The TRF contract enhances ICE’s FTSE Index franchise, which offers the largest pool of FTSE derivative open interest globally at a notional equivalent of more than £180 billion, and a participant base of more than 170 companies across 17 countries.

ICE offers futures and options on the FTSE 100, FTSE 250 and FTSE 100 Dividend Index, providing a set of tools to measure the performance of all capital and industry segments of the UK equity market. ICE FTSE  futures are approved by the US Commodity Futures Trading Commission and can be traded directly by US-based market participants.

Since the start of 2022, average daily volume across ICE's FTSE complex is up 8% at approximately 183,600 contracts, while open interest is up 12% at approximately 2.7 million contracts.