ICE Clear Singapore Approves JPMorgan as Fourth Clearing Member

ICE Clear Singapore, the Singapore arm of Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE:ICE), a global operator of international exchanges and clearinghouses, has approved JPMorgan as a clearing member with immediate effect, enhancing its relationship with the lender in Asia, according to an ICE Clear statement.

Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!

ICE Clear Singapore has relied on a multitude of clearing members since its inception in 2013 – Its first three clearing members were KGI Ong Capital Pte Ltd, Phillip Futures Pte Ltd and UOB Bullion and Futures Ltd. As its fourth clearing member, JPMorgan help will provide a fortified offering to clients.

Market Growth in Focus

ICE has become the first international exchange group to establish a permanent presence in Singapore. The announcement comes amidst a burgeoning Singaporean market that has seen an uptick in volumes during 2016. This was also reinforced by a growth in Asia-based trading activity across ICE's benchmark commodity and interest rate products, both of which have seen a methodic rising in the region as it carves out a larger role in global derivatives markets.

According to David Martin, Managing Director, JPMorgan Securities Singapore, in a recent statement on the approval: “J.P. Morgan is pleased to expand our existing relationship with ICE as it continues to strengthen its presence in Asia. Our appointment as a clearing member for ICE Clear Singapore is also a clear statement of our commitment to this market, which maintains its position as a globally important financial center.”

“We are seeing increased interest and trading activity and working closely with the regional market, we will continue to develop our offering to support the trading and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term needs of customers,” noted Lucas Schmeddes, President and Chief Operating Officer (COO), ICE Futures Singapore and ICE Clear Singapore, in an accompanying statement.