ICE Clear Europe has increased its lead over rival clearing houses in the European credit default swap market after the US-owned exchange said the notional value of contracts cleared during its second week of operations totalled Eu31.9bn.
The London-based clearing house said that during the week of August 3 to 9, a total of 699 CDS index contracts worth Eu31.9bn ($45.2bn) were cleared. The weekly performance marks a significant increase on the first week of...