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: Strategies, tools and techniques to extract value from unstructured data

Unstructured data is voluminous, unwieldy and difficult to store and manage. For capital markets participants, it is also key to generating business insight, making better-informed decisions and delivering both internal and external value. Solving this dichotomy can be a challenge, but there are solutions designed to help financial institutions digest, manage and make best use...

BLOG

Spend, Spend, Spend: 2025 Set to be a Year of Bigger Data Budgets

Next year will be one of rising data expenditure by financial institutions as artificial intelligence (AI)-led applications flourish, according to separate surveys. Nevertheless, most aren’t prepared for AI adoption, with organisations having neither the skillsets nor regulatory processes in place, according to another survey. The final flurry of industry studies for 2024 suggest that financial...

EVENT

Data Management Summit London

Now in its 15th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise 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 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...