This content is from:APP亚博娱乐
SEC, CFTC To Regulate ICE Trust
The IntercontinentalExchange’s ICE Trust U.S. will now be regulated by the U.S. Commodity Futures Trading Commission and the Securities and Exchange Commission, as per the Dodd-Frank law.
TheIntercontinentalExchange’s (ICE)ICE Trust U.S.will now be regulated by the U.S.Commodity Futures Trading Commission(CFTC) and theSecurities and Exchange Commission(SEC), as per the Dodd-Frank law. The clearing house will be regulated by the CFTC for broad-based index products and by the SEC for single-name products.
The trust will continue clearing the 168 products it offers for clearing across North American credit default swap (CDS) indices and single-name instruments as a derivative clearing organization and securities clearing agency. The ICE’s North American CDS clearing house will change from aNew York State Banking DepartmentandFederal Reserve-regulated bank and be known asICE Clear Credit.
Click here for the release from theIntercontinentalExchange.