About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ICE Gears up for European CDS CCP Launch in the Coming Months

Subscribe to our newsletter

Following the launch of its North American credit default swap (CDS) clearing operations at the start of March, IntercontinentalExchange (ICE) has indicated that it is planning to launch a European version in the next month or so. The ICE Trust clearing counterparty (CCP) will be used as the model for the new European operations and the firm is already talking to regulators and market participants in the region, says CEO Jeff Sprecher.

LCH.Clearnet and Liffe launched a joint offering in the CDS CCP space last year but it has been unable to attract significant volume. However, ICE does not seem deterred. According to the exchange operator, its CDS clearing effort is on course to bring in US$30 million in revenue this year. Clearly, given the success in the US, the potential revenues from Europe are an attractive proposition for the firm.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Cross-Regulation Data Consistency and Accuracy

Regulatory reporting obligations continue to expand, bringing with them more overlaps of data elements across reporting regimes. As many firms struggle with the accuracy and completeness of individual reporting obligations, regulators have increasingly begun to focus on cross-regulation data consistency in their data validations and examination processes. This webinar will identify cases of data overlap...

BLOG

ESMA Recommends Digital Token Identifier for Pilot of Distributed Ledger Technology Regulation

ESMA has recommended use of the ISO standard Digital Token Identifier (DTI) for the pilot of its Distributed Ledger Technology (DLT) regulatory regimen. DTIs are issued by the DTI Foundation, a non-profit division of Etrading Software, with a view to bringing standardisation to digital asset and crypto markets. The DLT pilot will apply from 23...

EVENT

Data Management Summit New York City

Now in its 12th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...