ICE announces new global clearing strategy

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

The London-based clearing house, to be known as ICE Clear Europe, will partner with ICE's US clearing house New York Clearing Corp which was gained when ICE bought the New York Board of Trade (Nybot) in January. New York Clearing will be renamed ICE Clear US from 1 June.

ICE expects to transition its energy futures and OTC derivatives business to i

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