The market remains torn over the potential success of Intercontinental Exchange (ICE)’s launch of ICE Clear with some quarters claiming that the deadlines in place to make it meet its planned deadline are unachievable.
The exchange intends to roll out ICE Clear on July 21 as it does battle with New York Mercantile Exchange (Nymex) and its new initiative with LCH Clearnet.
“Some of the deadlines that have been put in place by ICE Clear are very tight. There are concerns being voiced by a number of market participants that the the appropriate project plan and testing environment may not be in place in time unless ICE and the LCH engage on...