ICE Clear approved as Recognised Clearing House
Intercontinental Exchange (ICE)s new European clearing
service, ICE Clear, has been approved by the UK Financial
Services Authority (FSA) as a UK Recognised Clearing House,
following HM Treasury approval and an Office of Fair Trading
ICE has a long-standing appreciation for the
importance of clearing and its vital role in the operation of
markets," said ICE chairman and CEO Jeffrey Sprecher. We
are working to provide an integrated clearing solution to the
market to promote continued innovation in risk management and
the expansion of cleared markets. ICE Clear Europe seeks to
provide new products and services in a timely and cost
efficient manner in response to the needs of our end users,
member firms and risk managers.
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