Intercontinental Exchange, Inc. (NYSE:ICE) today announced it will launch a clearing service for all U.S. Treasury securities and repurchasing agreements.
ICE operates many of the largest clearing houses globally and brings decades of experience in clearing products ranging from interest rates, energy, agricultural and equity derivative futures and options, as well as credit derivatives.
The new Treasury clearing service will leverage ICE’s existing clearing house, ICE Clear Credit, which is the leading global clearing house for credit default swaps (CDS). The Treasury clearing service will be established as a distinct offering from the current CDS clearing service, and will have a separate rulebook, membership, risk management framework, financial and liquidity resources, and risk committee.
“The history of ICE Clear…
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