Ice move from swaps to futures unlikely to be last, says O’Malia

The decision by Ice to speed up the transition of its cleared OTC energy contracts to futures reflects regulatory uncertainty, and is likely to be replicated by other exchanges, says CFTC commissioner

Scott O'Malia: "regulatory nightmare of swaps markets"

The decision by Atlanta-based Ice to accelerate its transition of all existing over-the-counter cleared swap and option positions to economically equivalent futures or options contracts reflects a lack of clarity in new swaps regulation, a commissioner at the Commodity Futures Trading Commission (CFTC) has said. And Ice is unlikely to be the only exchange to make the shift, he added.

Ice announced on September 4 that it would bring forward plans to convert its cleared swap and option energy

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