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ICE announces new global clearing strategy

IntercontinentalExchange (ICE) today announced plans to extend its clearing operations with the formation of a wholly-owned European clearing house.

    • Roderick Bruce
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The London-based clearing house, to be known as ICE Clear Europe, is part of ICE’s strategic plan to offer clearing services through wholly-owned businesses in the US and UK. ICE Clear Europe will partner with ICE’s US clearing house to serve customers across the commodities and financial products marketplace, including futures and over-the-counter (OTC) markets.

In addition, ICE’s US clearing operations, New York Clearing Corp, gained as part of its January 2007 acquisition of the New York

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