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

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

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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
07/22DJSEC to Fast-Track Active ETFs
07/18 INTERCONTINENTAL EXCHANGE : Asia fuel oil-fuel oil markets increased by tighteni..
07/15 INTERCONTINENTAL EXCHANGE : AdvancePierre Foods Lists IPO on the New York Stock ..
07/13 CME : First U.S. trader convicted of spoofing sentenced to three years in jail
07/06 U.S. SEC approves NYSE request for new market volatility rules
07/01 INTERCONTINENTAL EXCHANGE : CEO Jeffrey C Sprecher Sold $6.2 million of Stocks
07/01 INTERCONTINENTAL EXCHANGE : ICE To Acquire Majority Equity Interest in MERS and ..
07/01DJINTERCONTINENTAL EXCHANGE : NYSE Explores Next Move to Compete With Speed Bumps
06/30DJMajority of LSE Investors Likely to Approve Deutsche Bö rse Merger
06/30DJBrexit Makes London-Based Exchange Eye Eurozone
More news
Sector news : Financial & Commodity Market Operators - NEC
07/26DJDEUTSCHE BOERSE : Bö rse Says It Has Reached LSE Merger Acceptance Threshold
07/26DJDEUTSCHE BOERSE : Börse Says It Has Reached LSE Merger Acceptance Threshold
07/26DJHOLDCO : Custodian Banks' Declarations of Acceptance Exceed Minimum Threshold
07/26 DEUTSCHE BOERSE : gets shareholder approval for LSE deal
07/25DJAsia Shares Mostly Higher
More sector news : Financial & Commodity Market Operators - NEC
Advertisement
Financials ($)
Sales 2016 4 622 M
EBIT 2016 2 417 M
Net income 2016 1 469 M
Debt 2016 -
Yield 2016 1,30%
P/E ratio 2016 21,66
P/E ratio 2017 18,63
Capi. / Sales 2016 6,75x
Capi. / Sales 2017 6,42x
Capitalization 31 202 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 17
Average target price 286 $
Spread / Average Target 9,1%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey Craig Sprecher Chairman & Chief Executive Officer
Charles A. Vice President & Chief Operating Officer
Scott A. 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..31 202
CME GROUP INC12.03%34 372
INTERCONTINENTAL EXCHA..2.28%31 202
HONG KONG EXCHANGES AN..-1.97%30 400
FIDELITY NATIONAL INFO..33.40%26 391
DEUTSCHE BOERSE AG-9.74%15 589
More Results