Eurex defiant as ICEs lead in CDS runs into trillions

Eurex defiant as ICE’s lead in CDS runs into trillions 04 Sep 2009

Intercontinental Exchange has cemented its position as the front runner in providing central counterparty (CCP) clearing for credit default swaps. ICE revealed its US and European clearing houses have cleared more than 24,000 contracts worth $2.2tr. It also announced that BNP Paribas has joined as its 13th member in the US.

However, ICE’s chief European rival, Eurex, insisted that the race for CDS clearing...

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“We are increasingly seeing the LME price referenced in the market for scrap and reinforcing bar”

Lotta Ulfsdotter, business manager for steel at the LME, says the exchanges steel billet futures are catching on in the industry

FOi - Futures and Options Intelligence

Eurex defiant as ICE’s lead in CDS runs into trillions 04 Sep 2009

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