ICE moves into CDS market with Creditex buyout

Atlanta-based Intercontinental Exchange (ICE), the electronic commodity exchange with interests in the derivatives and over-the-counter markets, is to acquire Creditex, the CDS processing company.

Worth a total of $625 million, the agreement comprises $565 million in ICE common stock and $60 million in cash. All but $10 million of the cash component will go to Creditex employees holding the company's stock, with the rest going to Creditex's other shareholders in lieu of shares of ICE common stock

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here