ICE Clear Europe remains a member concern
A stranded pool of open interest and the potential for
competing exchanges to list lookalike contracts could be the
result of ICE Futures attempt to bring its clearing
in-house, Futures Options Association (FOA) has warned.
A lack of clear and detailed information about the structure of
the proposed ICE Clear Europe, which led to member discontent
when the scheme was first announced in July 2007, is yet to be
Im not going to speculate what the outcome is
likely to be, but I can say that there is currently a
significant number of major exchange clearing members that,
based on the information they have today, are unsure of whether
to support it or not, said Hugo Jenkins, managing
director of FOA.
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