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 Trust US Passes US$1 Trillion CDS Clearing Milestone

Subscribe to our newsletter

IntercontinentalExchange’s (ICE) ICE Trust US (ICE Trust) has passed the US$1 trillion milestone in cleared credit default swaps (CDS) since operations began on 9 March 2009.

Open interest at ICE Trust currently stands at US$145 billion, representing an 86% reduction in notional value outstanding. ICE Trust also set a weekly clearing record of US$247 billion in notional value for the week ending 12 June on transaction volume of 2,330 contracts. Since its launch, the total number of transactions cleared is 12,050.

The clearing house currently offers clearing for North American CDS indexes. The Federal Reserve and the New York State Banking Department have primary oversight responsibility for ICE Trust, which is also subject to oversight by the Securities and Exchange Commission pursuant to an exemptive order related to clearing CDS.

ICE is planning to expand clearing for buy side participants, add clearing for single name instruments and deliver its European CDS clearing solution in the coming weeks.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: An update on data standards and global identifiers

Data standards and global identifiers have been parts of capital markets’ practices for many years, and more are being developed, reviewed and shaped as the industry acknowledges their role in streamlining data management, reducing risk, improving transparency, and achieving compliance. This webinar will discuss data standards and identifiers in play, as well as those in...

BLOG

Alexandre Kech Steps Up to Role of GLEIF CEO as Stephan Wolf Steps Down

Following the decision by Stephan Wolf, CEO of the Global Legal Entity Identifier Foundation (GLEIF), to step down from the role on 24 June 2024 after a decade of leading the foundation from its start-up phase to the growing organisation it is today, the GLEIF board of directors has appointed Alexandre Kech to the position....

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...