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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

IntercontinentalExchange To Establish ICE Trade Vault Europe As Trade Repository For European Swaps And Futures Data

LONDON, March 28, 2013 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global markets and clearing houses, announced today that it has applied to the European Securities and Markets Authority (ESMA) to establish ICE Trade Vault Europe Limited (ICE Trade Vault Europe) as a Trade Repository (TR) for the reporting of swaps and futures trade data to meet requirements of the European Market Infrastructure Regulation (EMIR).

ICE Trade Vault Europe plans to serve the commodities, credit, interest rate and foreign exchange asset classes. The launch of ICE Trade Vault Europe is subject to approval by ESMA.

"As the implementation stage for ESMA's technical standards approaches, market participants, from brokers to end users, will benefit from seamless functionality and compliance tools, which will help them comply with new reporting requirements through a well designed, easy to use and cost efficient solution," said David Peniket, Executive Director of ICE Trade Vault Europe.

In June 2012, ICE Trade Vault, LLC (ICE Trade Vault US) became the first Swap Data Repository (SDR) in the U.S. to receive provisional regulatory approval from the Commodity Futures Trading Commission. ICE Trade Vault began accepting credit default swaps trade data in October 2012 and commodities trade data in February 2013. Since its inception, ICE Trade Vault US has accepted fifteen million trades.

"A common theme of international financial regulation is mandatory swap reporting and the creation of repositories. ICE is committed to providing its customers with a global repository solution," said Bruce Tupper, President of ICE Trade Vault, LLC.

ICE Trade Vault Europe will use ICE's proven repository technology for market participants to submit data and will connect to a range of institutions, including Clearing Houses, Multilateral Trading Facilities (MTFs) and Organised Trading Facilities (OTFs). Adopting ICE's repository technology will ensure minimum disruption for market participants who can continue to use their existing connectivity to report swaps and futures data in real-time. New European regulatory reporting requirements are anticipated to come into place once ESMA approves TR applicants.

1 of 2

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.
Submit an article to us!
DOW 17,082.94 +3.37 0.02%
S&P 500 2,001.23 +4.49 0.22%
NASDAQ 4,574.4340 +16.7390 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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