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

INTERCONTINENTALEXCHANGE INC (ICE)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector 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
04/24LSE's income rises as row over CEO departure fades
RE
04/23Nasdaq proposes letting companies decide where their shares trade
RE
04/23INTERCONTINENTAL EXCHANGE : Pivotal Software Marks IPO and First Day of Trading ..
AQ
04/19INTERCONTINENTAL EXCHANGE : Ice to launch sonia futures contract
AQ
04/18INTERCONTINENTAL EXCHANGE : Bank of England expects big Libor switch to start in..
RE
04/18INTERCONTINENTAL EXCHANGE : ICE Europe says could make Brexit changes quickly
RE
04/18INTERCONTINENTAL EXCHANGE : ICE Europe says could make Brexit changes quickly
RE
04/13Goldman's Schwimmer to steer London Stock Exchange through Brexit
RE
04/13Goldman's Schwimmer to steer London Stock Exchange through Brexit
RE
04/13Goldman's Schwimmer to steer London Stock Exchange through Brexit
RE
More news
Financials ($)
Sales 2018 4 889 M
EBIT 2018 2 793 M
Net income 2018 1 843 M
Debt 2018 5 565 M
Yield 2018 1,30%
P/E ratio 2018 22,94
P/E ratio 2019 20,10
EV / Sales 2018 9,82x
EV / Sales 2019 9,26x
Capitalization 42 429 M
Chart INTERCONTINENTALEXCHANGE I
Duration : Period :
IntercontinentalExchange I Technical Analysis Chart | ICE | US45865V1008 | 4-Traders
Technical analysis trends INTERCONTINENTALEXCHANGE I
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 81,8 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Jeffrey Craig Sprecher Chairman & Chief Executive Officer
Benjamin R. Jackson President
Mark P. Wassersug Chief Operating Officer
Scott Anthony Hill Chief Financial Officer
Mayur Kapani Chief Technology Officer
Sector and Competitors