Icap clears ICE agriculture swap

Interdealer broker Icap has executed the first cleared agricultural swap transaction through IntercontinentalExchange clearing house ICE Clear US.

Regulatory approval for such transactions was granted by the US Commodity Futures Trading Commission (CFTC) in December last year.

The over-the-counter (OTC) sugar swap transaction was submitted to the clearing house by Icap on behalf of Infinium Capital Management and Credit Suisse. The new cleared swaps, launched on February 13, 2009, combine the char

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