Intercontinental Exchange (ICE) is set to launch a clearing service for all US treasury securities and repurchasing agreements.
Chris Edmonds
The move comes as the exchange seeks to enhance both the transparency and resilience of the US treasury market, leveraging its long-standing experience as a clearing house for credit derivatives.
ICE explained that it believes its offering is “strategically positioned” to take this next step and will promote competition and enable the US Securities and Exchange Commission’s (SEC) policy objectives around the standardised risk management of the treasury securities market.
“The rich experience we’ve developed creating and operating ICE Clear Credit and the work we’ve done to ensure its compliance with all US and foreign regulatory regimes has created a fertile environment for adding Treasury clearing to our suite of credit clearing…
