ICE invests $1.2m in clearing, posts record Q1 for futures

On the back of a record first quarter, Intercontinental Exchange (ICE) has said it is investing $1.2m in clearing systems development ahead of a proposed merger with Chicago Board of Trade (CBoT).

ICE said it is completing a $1.2m investment in the expansion and support for its Trade Registration System, a clearing interface relied upon by European clearing firms for post-trade administration.

The investment will support the implementation of new IT hardware by Atos Euronext Market Solutions, the developer...