Major disagreement over commodity trade repositories
Ice and CME’s plans to launch commodity derivatives repositories to run alongside the DTCC/EFETnet’s offering are polarising opinion within the industry, as Ned Molloy reports
Recent announcements by the IntercontinentalExchange (Ice) and Chicago Mercantile Exchange (CME) that they will be launching commodity derivatives repositories to run alongside an initial offering by the Depository Trust & Clearing Corporation (DTCC) and EFETnet (the software platform of the European Federation of Energy Traders), have fuelled debate and disagreement over the future shape and workings of the commodity trade repository space.
The creation of trade depositories – centralised
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