Intercontinental Exchange (Ice)
Fed approval leaves Ice/TCC on brink of CDS clearing
Intercontinental Exchange's (Ice) application to become a member of the Federal Reserve System has been approved by the US central bank, overcoming one of the final obstacles preventing the firm from launching its central clearing platform for credit…
Banks agree to EU CCP for clearing CDS
Nine major dealers agreed to use an EU central counterparty (CCP) for clearing trades in credit default swaps (CDSs) today, paving the way for talks to resume with the European Commission.
One stop shop
The world’s biggest commodity exchanges continue to expand the range of products they offer, often into diverse commodity classes. Rachel Morison looks at the benefits and drawbacks for traders as commodity exchanges branch out beyond their traditional…
Eurex trading volume nudges ahead of CME
A 41% drop in trading volumes compared with the previous year put CME behind Frankfurt-based Eurex in January 2009.
US agriculture committee plans to ban naked CDSs
The US House of Representatives Committee on Agriculture has published a draft bill seeking to limit the holding of credit default swap (CDS) contracts to market participants owning the bonds of the reference entity in question.
CME awaits SEC approval for CDS clearing
The launch date for the Chicago Mercantile Exchange (CME) Group's credit default swap (CDS) clearing platform remains unclear, almost two weeks after it received the green light from two US financial regulators.
NY approval brings Ice CDS clearing platform a step closer
The Intercontinental Exchange (Ice) has won permission to create a New York-chartered trust company, the next step towards the creation of its central counterparty (CCP) facility for credit default swaps (CDS).
Banks move towards clearing for FX, interest rate and equity
A large part of the over-the-counter derivatives market will shift towards central clearing houses by next year, as the collapse of Lehman Brothers on September 15 forces banks to reassess counterparty risk posed by other dealers.
Fed discusses CDS clearing house options
The Federal Reserve Bank of New York is today in discussions with interested parties over the establishment of a central clearing house for credit default swaps (CDSs).
CME and Citadel plan CDS exchange
Chicago-based exchange operator CME Group and hedge fund management firm Citadel Investment Group are set to launch a fully integrated trading and clearing platform for credit default swaps (CDSs).
Crude figures
Oil
CFTC closes ‘London loophole’
The Commodity Futures Trading Commission (CFTC) has moved to impose US position limits and hedge exemption requirements on US customers trading West Texas Intermediate (WTI) crude oil on the London-based Ice Futures Europe exchange.
ICE buys Creditex in bid to access lucrative CDS market
The IntercontinentalExchange (Ice) has agreed to aquire credit derivatives interdealer-broker Creditex in a deal worth $625 million, in an attempt to gain a foothold in the burgeoning credit default swaps (CDS) market.
Back-up power fails as lights go out at Ice
The IntercontinentalExchange (Ice) is investigating the cause of a “fluke” power outage at one of its data hubs that interrupted commodities trading for three-and-a-half hours yesterday.
Derivatives Exchange of the Year - IntercontinentalExchange
Risk Awards 2008
ICE names president and chairman for Ice Clear Europe
The Atlanta-based Intercontinental Exchange (Ice) has appointed new management staff for its London-based European clearing house, Ice Clear Europe.
First oil futures curve ETFs listing on LSE
In the next two to three weeks, the London Stock Exchange (LSE) is expected to list the first exchange-traded funds (ETFs) exposed to parts of the oil futures curve.
OTC energy derivatives regulations to tighten
US regulators could be one step closer to achieving their aim of closing the ‘Enron loophole’ that exempts electronic energy exchanges such as the Atlanta-based Intercontinental exchange (ICE) from regulatory oversight.
CME offers CBOT shareholders “best and final offer”
The Chicago Mercantile Exchange (CME) has upped its bid for cross-town competitor the Chicago Board of Trade (CBOT) for the third and “final” time, ahead of a shareholder vote on July 9.
CME to expand its S&P portfolio
After losing its licensing agreement with Russell Investment Group to the Intercontinental Exchange (ICE), the Chicago Mercantile Exchange (CME) has announced it will expand its Standard & Poor's equity index futures portfolio with an index for small-cap…
ICE takes over Russell Index futures contracts
The Intercontinental Exchange (ICE) has won exclusive rights to derivatives on the Russell series of equity indexes. The deal could give the exchange the edge in the continuing takeover battle over the Chicago Board of Trade.
ICE and CBOE reach $665m agreement over CBOE exercise rights
IntercontinentalExchange (ICE) has reached an agreement with the Chicago Board Options Exchange (CBOE) to pay full members of the Chicago Board of Trade (CBOT) compensation for the loss of CBOE exercise rights they would experience, should CBOT merge…
Ice to form London-based clearing house
The Atlanta-based Intercontinental Exchange (Ice) plans to set up a European clearing house based in London.