Tue, 26/01/2010 - 12:00
The Commodity Futures Trading Commission has issued an order granting ICE Clear Europe registration as a derivatives clearing organisation pursuant to Section 5b(b) of the Commodity Exchange Act.
ICE Clear Europe is a private limited company organised under the laws of England and Wales.
Pursuant to an order that the commission issued on 23 July, ICE Clear Europe has operated within the US as a multilateral clearing organisation.
ICE Clear Europe clears energy-based contracts and credit default swap contracts on European reference entities.
As a registered DCO, ICE Clear Europe is authorised to clear futures contracts, options on futures contracts, commodity options and over-the-counter derivative contracts.
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