ICE Clear Europe goes live
Open positions in energy futures and OTC markets, equivalent to 28.5 million contract sides, were transferred. The total margin requirement now managed by ICE Clear Europe for these novated positions is approximately $16.5 billion.
Paul Swann, president of ICE Clear Europe, says there is now enormous demand for cleared energy contracts, while ICE Futures president and COO David Peniket says the new clearing house, which began operations with 44 members “will allow ICE to introduce new cleared
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