Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  IntercontinentalExchange Inc    ICE

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

INTERCONT : ICE Clear Credit to Launch Sovereign CDS Clearing for Latin American Countries

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/20/2011 | 04:20pm CEST

CHICAGO, Oct. 20, 2011 /PRNewswire/ --IntercontinentalExchange, Inc. (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today that ICE Clear Credit will launch clearing of Latin American sovereign credit default swaps (CDS) this month. ICE Clear Credit is the first central counterparty to clear sovereign CDS.

(Logo: http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )

As the primary regulator for single-name CDS, the SEC has granted regulatory approval for clearing of sovereign CDS of Argentina, Brazil, Mexico and Venezuela. Clearing will launch for Brazil and Mexico on October 31, 2011. ICE Clear Credit expects to launch clearing of Argentina and Venezuela in the following weeks.

"Sovereign CDS are some of the most actively traded CDS products today. We are pleased to extend our clearing capabilities to sovereign CDS, which furthers our objective of meeting the needs of market participants and reducing systemic risk," said ICE Clear Credit President Christopher Edmonds.

Data for all ICE CDS clearing activity, including sovereign single names, is available in the ICE Report Center.

ICE Clear Credit, the world's first CDS clearing house, was established in March 2009. Together with ICE Clear Europe, ICE Clear Credit brings a common infrastructure to global CDS market participants within their respective regulatory jurisdictions, while leveraging clearing systems and risk management processes already in use by the industry. ICE's CDS clearing operations are designed to address the operational and risk management needs of the credit market, as well as calls by regulators and policy makers for transparency, standardization and systemic risk reduction. ICE Clear Credit is a Commodity Futures Trading Commission regulated Derivatives Clearing Organization and Securities and Exchange Commission regulated Securities Clearing Agency.

About IntercontinentalExchange

IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2010, as filed with the SEC on February 9, 2011 and ICE's Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, as filed with the SEC on August 3, 2011.

ICE-CDS

SOURCE IntercontinentalExchange, Inc.

News Provided by Acquire Media

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTERCONTINENTALEXCHANGE I
05/28 INSIDER TRADING ACTIVITY INTERCONTIN : ICE) – Director Sold 1,150 shares o..
05/28 INSIDER TRADING ACTIVITY INTERCONTIN : ICE) – CEO Sold 73,374 shares of St..
05/26 INTERCONTINENTAL EXCHANGE, INC. : Amendments to Articles of Inc. or Bylaws; Chan..
05/24 EXCLUSIVE : London's gold benchmark hit by volatility after banks exit
05/22 INTERCONTINENTAL EXCHANGE, INC. : Submission of Matters to a Vote of Security Ho..
05/15 INTERCONTINENTAL EXCHANGE : Asia fuel oil premiums enlarge gains
05/12 Spotify, valued at $13 billion, to launch direct listing on NYSE -sources
05/11 Goldman Sachs to launch new 'dark pool' for stocks on Friday
05/10 U.S. watchdog urges EU to think through euro clearing changes
05/05 INSIDER TRADING ACTIVITY INTERCONTIN : ICE) – Insider Sold 15,000 shares o..
More news
Sector news : Financial & Commodity Market Operators - NEC
08:42a LSE to buy Citi's fixed-income analytics and index operations for $685 millio..
08:35aDJLONDON STOCK EXCHANGE : to Buy Yield Book and Citi Fixed Income Indices for $685..
05/24DJTERRENCE DUFFY : CME Chairman and CEO Terrence Duffy Suffers Collapsed Lung
05/23DJCITIGROUP : Nasdaq Team Up -- WSJ
05/22DJCITIGROUP : to Tap Nasdaq for Blockchain Payment Technology
More sector news : Financial & Commodity Market Operators - NEC
Advertisement
Financials ($)
Sales 2017 4 651 M
EBIT 2017 2 625 M
Net income 2017 1 698 M
Debt 2017 -
Yield 2017 1,33%
P/E ratio 2017 20,90
P/E ratio 2018 19,50
Capi. / Sales 2017 7,68x
Capi. / Sales 2018 7,30x
Capitalization 35 731 M
More Financials
Technical analysis trends INTERCONTINENTALE...
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 66,1 $
Spread / Average Target 9,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey Craig Sprecher Chairman & Chief Executive Officer
Charles A. Vice President & Chief Operating Officer
Scott Anthony Hill Chief Financial Officer
Mayur Kapani Chief Technology Officer
Charles R. Crisp Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
INTERCONTINENTALEXCHAN..35 731
CME GROUP INC2.28%40 088
INTERCONTINENTAL EXCHA..6.97%35 731
HONG KONG EXCHANGES AN..7.12%30 981
DEUTSCHE BOERSE AG19.16%19 535
LONDON STOCK EXCHANGE ..16.37%15 136
More Results