Intercontinental Exchange (NYSE:ICE) has reported record monthly notional value cleared for credit default swaps (CDS) in September, with over USD1.75 trillion in gross notional and a daily record of over USD450 billion cleared on 20 September.
Additionally, ICE Clear Credit, ICE’s US-based CDS clearing house, has launched clearing services for additional single name CDS instruments referencing emerging market and Asia-Pacific corporate and sovereign entities.
This launch expands ICE’s CDS footprint and offers customers more diversified risk management services combined with capital and operational efficiencies.
