February 3, 2025 Newswires

ICE Swap Trade Offers Single-name Credit Default Swap (CDS) Trading following SEC Approval for SBSEF Registration

Business Wire

ATLANTA & NEW YORK--(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