This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

IntercontinentalExchange And NYSE Euronext Enter Clearing Services Agreement; ICE Clear Europe To Clear NYSE Liffe's Derivatives Markets

LONDON, Dec. 20, 2012 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, and NYSE Euronext (NYSE: NYX), the preeminent global equity, equity options and fixed income derivatives market operator, today announced that, their wholly owned subsidiaries, ICE Clear Europe Limited and LIFFE Administration and Management have entered into a clearing services agreement pursuant to which ICE Clear Europe will provide clearing services to the London market of NYSE Liffe ("NYSE Liffe").  The clearing services agreement will allow NYSE Liffe to transition seamlessly from their current clearing arrangements. 



"We are pleased to extend our innovative and proven clearing services through this agreement with NYSE Liffe.  We will draw upon our experience as we work with NYSE Liffe to provide the regulated risk-management tools that NYSE Liffe's customers rely on to compete effectively in an evolving regulatory and economic environment," said Paul Swann, President & Managing Director, ICE Clear Europe.

"This agreement will enable us to deliver top quality clearing services through a proven futures and OTC clearing house that can securely and efficiently serve our customers, while creating new clearing opportunities," said Finbarr Hutcheson, Co-CEO of NYSE Liffe.

ICE successfully transitioned over 40 clearing members, 26.5 million contracts and over US $16 billion worth of assets during the transition from LCH.Clearnet Ltd. to ICE Clear Europe in 2008.

"We are looking forward to working with NYSE Liffe on this exciting transition of clearing to ICE Clear Europe," said Swann.

ICE Clear Europe is the clearing house for ICE's energy and European credit default swaps (CDS) markets. It is regulated by the Financial Services Authority as a Recognised Clearing House, and is a Commodity Futures Trading Commission regulated designated clearing organization and a U.S. Securities and Exchange Commission regulated securities clearing agency.

  • Provides secure, capital efficient counterparty risk management and post-trade services, including physical delivery
  • Real-time price and position monitoring, with position reports provided every five minutes for energy contracts
  • Clears more than half of the world's crude and refined oil futures
  • More than 800 cleared energy contracts

ICE-CORP

Stock quotes in this article: ICE, NYX 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs