ICE Swap Trade Offers Single-name Credit Default Swap (CDS) Trading following SEC Approval for SBSEF Registration
February 03 2025 - 7:30AM
Business Wire
Intercontinental Exchange, Inc. (NYSE: ICE), a leading global
provider of technology and data, today announced that the U.S.
Securities and Exchange Commission (SEC) has approved ICE Swap
Trade’s application for registration as a security-based swap
execution facility (SBSEF) pursuant to the requirements of
Regulation SE. With this approval, ICE Swap Trade can now offer
single-name credit default swaps (CDS) trading for its dealer and
institutional customers on its SBSEF, adding to ICE’s suite of
execution solutions within fixed income.
“As we continue to expand our fixed income offering, this
regulatory approval marks a significant milestone in strengthening
our fixed income capabilities with the addition of single-name CDS
trading,” said Peter Borstelmann, President of ICE Bonds. “ICE
remains committed to providing a transparent and reliable trading
environment that enhances liquidity and fosters confidence in the
credit markets for our customers and the broader fixed income
ecosystem.”
This approval follows the launch of ICE Swap Trade in 2013,
which operates trading activity in many different products in the
energy and CDS markets. ICE Swap Trade offers various index CDS
products across North American, European and emerging market
instruments, and is pleased to now offer single-name CDS.
For more information about ICE Swap Trade, visit
https://www.ice.com/swap-trade.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks that
connect people to opportunity. We provide financial technology and
data services across major asset classes helping our customers
access mission-critical workflow tools that increase transparency
and efficiency. ICE’s futures, equity, and options exchanges –
including the New York Stock Exchange – and clearing houses help
people invest, raise capital and manage risk. We offer some of the
world’s largest markets to trade and clear energy and environmental
products. Our fixed income, data services and execution
capabilities provide information, analytics and platforms that help
our customers streamline processes and capitalize on opportunities.
At ICE Mortgage Technology, we are transforming U.S. housing
finance, from initial consumer engagement through loan production,
closing, registration and the long-term servicing relationship.
Together, ICE transforms, streamlines and automates industries to
connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual
property rights of Intercontinental Exchange, Inc. and/or its
affiliates is located here. Key Information Documents for
certain products covered by the EU Packaged Retail and
Insurance-based Investment Products Regulation can be accessed on
the relevant exchange website under the heading “Key Information
Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 – Statements in this press release regarding
ICE's business that are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion
of additional risks and uncertainties, which could cause actual
results to differ from those contained in the forward-looking
statements, see ICE's Securities and Exchange Commission (SEC)
filings, including, but not limited to, the risk factors in ICE's
Annual Report on Form 10-K for the year ended December 31, 2023, as
filed with the SEC on February 8, 2024.
Category: Fixed Income and Data Services
SOURCE: Intercontinental Exchange
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20250203826954/en/
ICE Media Isabella Bezzone +1 212 748 3948
isabella.bezzone@ice.com media@theice.com
ICE Investor Relations Katia Gonzalez +1 678 981 3882
katia.gonzalez@ice.com investors@ice.com
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