Intercontinental Exchange’s new clearing house for credit default swaps, ICE Trust US, has cleared $71bn of trades on the iTraxx US indices during its first four weeks of operations.
ICE’s central counterparty (CCP) clearing service for CDS was not the first to become ready, but it has left all its rivals in its wake, notably CME Group and Liffe’s Bclear system.
ICE Trust, which was formed after ICE took over the Clearing Corp,...