Jeff Sprecher, CEO of Intercontinental Exchange, has said that
the LCH Clearnet clearing system is outdated.
The clearing model we live with today is broken, but it
can be fixed, he said speaking at Futures Industry
Associations Expo in Chicago.
ICE will start clearing its own trades in July 2008 after
giving notice to LCH-Clearnet. The exchange will use the system
it acquired when it bought New York Board of Trade in
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