ICE Futures US receives recognised overseas clearing house status

28 Mar 2008

by Paul Francis-Grey

Intercontinental Exchange (ICE) has received a UK Financial Services Authority (FSA) recognition order, which designates ICE Clear US as a recognised overseas clearing house (ROCH).

The ROCH status allows ICE Clear US equivalent insolvency protections to those afforded to a UK...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.

ICE Futures US receives recognised overseas clearing house status

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