Intercontinental Exchange’s clearing houses have processed over $3tr of credit default swaps (CDS) since they opened for business, and its European clearing house has enjoyed a record week of activity.
The Atlanta-based exchanges group also announced strong September results as derivatives trading volumes rose 5.3% from last year’s levels.
The CDS landmark was passed during busy trading in the week of September 28 to October 2. ICE Clear Europe processed a record Eu136bn ($200bn) of European CDS contracts, bringing its total since opening at the end of...