Intercontinental Exchange will launch a new product for US Treasury securities,
The move aims to enhance transparency and resilience in this important market.
Intercontinental
Exchange, Inc. (NYSE: ICE) announced plans Monday to introduce a clearing
service for US Treasury securities and repurchase agreements, leveraging its experience
in central clearing and fixed-income markets.
ICE Wants to Enhance
Treasury Market Transparency
The move
comes in response to the US Securities and Exchange Commission's (SEC) recent
mandate to expand clearing in the Treasury securities market. ICE aims to offer this new service using its existing clearing house, ICE Clear Credit.
Stan Ivanov, the President of ICE Clear Credit
"We
believe ICE Clear Credit is strategically positioned to offer Treasury clearing
services that will promote competition and help facilitate the SEC's policy
objective of bringing increased transparency and standardized risk management
to the Treasury securities market,” said Stan Ivanov, the President of ICE
Clear Credit.
The new
Treasury clearing service will operate independently of ICE's current
credit default swap (CDS) clearing service, with its own rulebook and financial
resources.
ICE Clear
Credit, established in 2009 during the financial crisis, has become a leading
global clearing house for credit derivatives. It currently offers clearing for
over 650 Single Name and Index CDS instruments. It has cleared approximately
$200 trillion in two-sided notional amounts, with open interest exceeding $1.75
trillion.
Chris Edmonds, the President of ICE's Fixed Income and Data Services
"As we
look to add Treasury clearing to the breadth of services we offer for fixed
income markets, we will leverage the successful playbook we developed in the
past to offer an industry-trusted clearing solution,” added Chris Edmonds, the President
of ICE's Fixed Income and Data Services, commented.
As an
SEC-registered Securities Clearing Agency and a designated systemically
important financial market utility, ICE Clear Credit brings regulatory
experience to this new venture. The company aims to apply its expertise in
navigating regulatory requirements to the Treasury clearing service.
A month ago, ICE agreed to pay a $10 million penalty to resolve charges that nine of its wholly-owned subsidiaries, including the New York Stock Exchange (NYSE), failed to promptly notify the SEC about a cyber intrusion, as required by Regulation Systems Compliance and Integrity.
Intercontinental
Exchange, Inc. (NYSE: ICE) announced plans Monday to introduce a clearing
service for US Treasury securities and repurchase agreements, leveraging its experience
in central clearing and fixed-income markets.
ICE Wants to Enhance
Treasury Market Transparency
The move
comes in response to the US Securities and Exchange Commission's (SEC) recent
mandate to expand clearing in the Treasury securities market. ICE aims to offer this new service using its existing clearing house, ICE Clear Credit.
Stan Ivanov, the President of ICE Clear Credit
"We
believe ICE Clear Credit is strategically positioned to offer Treasury clearing
services that will promote competition and help facilitate the SEC's policy
objective of bringing increased transparency and standardized risk management
to the Treasury securities market,” said Stan Ivanov, the President of ICE
Clear Credit.
The new
Treasury clearing service will operate independently of ICE's current
credit default swap (CDS) clearing service, with its own rulebook and financial
resources.
ICE Clear
Credit, established in 2009 during the financial crisis, has become a leading
global clearing house for credit derivatives. It currently offers clearing for
over 650 Single Name and Index CDS instruments. It has cleared approximately
$200 trillion in two-sided notional amounts, with open interest exceeding $1.75
trillion.
Chris Edmonds, the President of ICE's Fixed Income and Data Services
"As we
look to add Treasury clearing to the breadth of services we offer for fixed
income markets, we will leverage the successful playbook we developed in the
past to offer an industry-trusted clearing solution,” added Chris Edmonds, the President
of ICE's Fixed Income and Data Services, commented.
As an
SEC-registered Securities Clearing Agency and a designated systemically
important financial market utility, ICE Clear Credit brings regulatory
experience to this new venture. The company aims to apply its expertise in
navigating regulatory requirements to the Treasury clearing service.
A month ago, ICE agreed to pay a $10 million penalty to resolve charges that nine of its wholly-owned subsidiaries, including the New York Stock Exchange (NYSE), failed to promptly notify the SEC about a cyber intrusion, as required by Regulation Systems Compliance and Integrity.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
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FX and CFDs in Africa: Key Industry Trends | FMAS:24
FX and CFDs in Africa: Key Industry Trends | FMAS:24
As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
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As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
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Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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