The market remains torn over the potential success of
Intercontinental Exchange (ICE)s launch of ICE Clear with
some quarters claiming that the deadlines in place to make it
meet its planned deadline are unachievable.
The exchange intends to roll out ICE Clear on July 21 as it
does battle with New York Mercantile Exchange (Nymex) and its
new initiative with LCH Clearnet.
Some of the deadlines that have been put in place by ICE
Clear are very tight. There are concerns being voiced by a
number of market participants that the the appropriate project
plan and testing environment may not be in place in time unless
ICE and the LCH engage on a more meaningful level" said Steve
Sparke, Chairman of Futures and Options Association. Over
the next days things will become clearer as we approach the
launch and it will become critical that these deadlines are
agreed by all involved, Sparke added.
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