Ice receives CFTC clearing registration
IntercontinentalExchange (Ice) has been granted limited registration by the Commodity Futures Trading Commission (CFTC) as a US derivatives clearing organisation (DCO).
The designation was awarded to Ice Clear Europe under section 5b(b) of the Commodity Exchange Act. As a registered DCO, it will be authorised to clear futures contracts, options on futures contracts, commodity options and over-the-counter derivatives. Ice Clear Europe clears energy-based contracts and credit default swap contracts on European reference entities.
"DCO registration acknowledges our adherence to core principles, and offers flexibility and confidence to our member firms," says Paul
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