Intercontinental Exchange (ICE), a major operator of global exchanges and clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term houses, has announced its Global Network expansion in the APAC region, opening new access centers in Tokyo, Hong Kong, and Shanghai.

According to the press release on Thursday, the move comes in the wake of important investments in the Asia-Pacific region, putting the managed services offering on par with other main financial centers operating in Europe and the United States.

ICE to Provide Ultra-Low Latency Access to Asian Exchanges

With the new access points, ICE will be able to provide ultra-low-latency access to local exchanges, including the Shanghai Futures Exchange (SHFE), the Japan Exchange Group (JPX) and the Hong Kong Stock Exchange (HKEX).

"Although Asia is an area of opportunity for many firms, the region has lacked a one-stop provider for access to global markets and key hosting services,” Amanda Hindlian, the President of Fixed Income and Data Services at ICE, said.

“As we look across all of the solutions that we provide, we’re committed to offering a consistent service globally, providing ultra-low-latency and high resiliency to the market, which helps our customers manage risks and find opportunities in the most efficient ways possible.”

ICE Global Network is a globally-diversified backbone network that connects markets from different parts of the world. Access centers deployed close to major exchanges and financial centers help reduce data transmission latency, speed up order execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and enhance security.

ICE Closed Strong Third Quarter 2022

The leading global market infrastructure provider reported its third quarter financial last month, showing a net revenue rise of 3% to $1.8 billion yearly. The Q3 2022 operating income rose even higher, by +7% compared to the same period a year before, to $913 million.

“Through the first nine months of the year, we have grown revenues and operating income. This strong performance, including compounding growth in our recurring revenues across all three business segments is a testament to the power of our diverse business model,” Warren Gardiner, the Chief Financial Officer at ICE, said.

Earlier this month, Intercontinental Exchange released the latest turnover statistics. During the month of November, average daily volumes (ADVs) for the Natural Gas market rose 14% and 17% for Ags and Metals, respectively. ADV for Equity Indices gained 16% compared to November last year.