ICE Swap Trade Offers Single-name Credit Default Swap (CDS) Trading following SEC Approval for SBSEF Registration
Intercontinental Exchange (NYSE: ICE) has received SEC approval for ICE Swap Trade's registration as a security-based swap execution facility (SBSEF). This regulatory milestone enables ICE Swap Trade to offer single-name credit default swaps (CDS) trading for dealer and institutional customers, expanding its fixed income execution solutions.
ICE Swap Trade, launched in 2013, currently operates trading activities in energy and CDS markets, offering various index CDS products across North American, European, and emerging market instruments. The addition of single-name CDS trading capabilities further strengthens ICE's position in providing transparent and reliable trading environments within the fixed income ecosystem.
Intercontinental Exchange (NYSE: ICE) ha ricevuto l'approvazione della SEC per la registrazione di ICE Swap Trade come un impianto di esecuzione di swap basati su sicurezza (SBSEF). Questo traguardo normativo consente a ICE Swap Trade di offrire trading di credit default swap (CDS) su singoli nomi per clienti dealer e istituzionali, ampliando le sue soluzioni di esecuzione per il reddito fisso.
ICE Swap Trade, lanciato nel 2013, attualmente svolge attività di trading nei mercati dell'energia e dei CDS, offrendo vari prodotti CDS di indice sui mercati nordamericani, europei e dei mercati emergenti. L'aggiunta delle capacità di trading di CDS su singoli nomi rafforza ulteriormente la posizione di ICE nel fornire ambienti di trading trasparenti e affidabili all'interno dell'ecosistema del reddito fisso.
Intercontinental Exchange (NYSE: ICE) ha recibido la aprobación de la SEC para el registro de ICE Swap Trade como una instalación de ejecución de swaps basados en valores (SBSEF). Este hito regulatorio permite a ICE Swap Trade ofrecer negociación de swaps de incumplimiento crediticio (CDS) de nombres individuales para clientes comerciantes e institucionales, ampliando sus soluciones de ejecución de ingresos fijos.
ICE Swap Trade, lanzado en 2013, actualmente opera actividades de negociación en los mercados de energía y CDS, ofreciendo varios productos de CDS de índice en instrumentos de América del Norte, Europa y mercados emergentes. La adición de capacidades de negociación de CDS de nombres individuales refuerza aún más la posición de ICE en la provisión de entornos de negociación transparentes y confiables dentro del ecosistema de ingresos fijos.
인터콘티넨탈 익스체인지(뉴욕증권거래소: ICE)는 ICE 스왑 거래소가 증권 기반 스왑 실행 시설(SBSEF)로 등록될 수 있도록 SEC의 승인을 받았습니다. 이 규제 이정표는 ICE 스왑 거래소가 개별 이름 신용부도스왑(CDS) 거래를 딜러 및 기관 고객에게 제공할 수 있게 하여 고정 수익 실행 솔루션을 확장할 수 있도록 합니다.
2013년에 출시된 ICE 스왑 거래소는 현재 에너지 및 CDS 시장에서 거래 활동을 운영하고 있으며, 북미, 유럽 및 신흥 시장의 다양한 지수 CDS 제품을 제공합니다. 개별 이름 CDS 거래 능력을 추가함으로써 ICE는 고정 수익 생태계 내에서 투명하고 신뢰할 수 있는 거래 환경을 제공하는 위치를 더욱 강화합니다.
Intercontinental Exchange (NYSE: ICE) a reçu l'approbation de la SEC pour l'enregistrement d'ICE Swap Trade en tant qu'établissement d'exécution de swaps basés sur des valeurs (SBSEF). Cette étape réglementaire permet à ICE Swap Trade d'offrir le trading de swaps sur défaillance crédit (CDS) de noms individuels pour les clients courtiers et institutionnels, élargissant ainsi ses solutions d'exécution en matière de revenus fixes.
Lancé en 2013, ICE Swap Trade exerce actuellement des activités de trading sur les marchés de l'énergie et des CDS, offrant divers produits de CDS d'indices sur les instruments nord-américains, européens et des marchés émergents. L'ajout de capacités de trading de CDS sur des noms individuels renforce encore la position d'ICE dans la fourniture d'environnements de trading transparents et fiables au sein de l'écosystème des revenus fixes.
Intercontinental Exchange (NYSE: ICE) hat die Genehmigung der SEC für die Registrierung von ICE Swap Trade als eine sicherheitsbasierte Swap-Execution-Anlage (SBSEF) erhalten. Dieser regulatorische Meilenstein ermöglicht es ICE Swap Trade, Handel mit Credit Default Swaps (CDS) für einzelne Namen für Dealer und institutionelle Kunden anzubieten und erweitert seine Ausführungslösungen im Bereich der festverzinslichen Wertpapiere.
ICE Swap Trade, das 2013 gestartet wurde, führt derzeit Handelsaktivitäten in den Märkten für Energie und CDS durch und bietet verschiedene Index-CDS-Produkte in Nordamerika, Europa und Schwellenländern an. Die Hinzufügung von Handelsfähigkeiten für einzelne Namens-CDS stärkt weiter die Position von ICE bei der Bereitstellung transparenter und zuverlässiger Handelsumgebungen innerhalb des Ökosystems der festverzinslichen Wertpapiere.
- SEC approval expands ICE's trading capabilities to include single-name CDS
- Enhancement of fixed income product offering strengthens market position
- Expansion of services for institutional and dealer customers
- None.
Insights
The SEC's approval of ICE Swap Trade's SBSEF registration marks a strategic expansion in the derivatives trading landscape. This regulatory milestone enables ICE to offer single-name CDS trading, significantly broadening their fixed income product suite and strengthening their competitive position against other major exchange operators.
The approval carries several key implications for ICE's business model and market position:
- Enhanced Product Suite: The ability to offer single-name CDS trading complements ICE's existing index CDS offerings, creating a comprehensive credit derivatives platform that can attract more institutional clients and potentially increase trading volumes.
- Market Structure Impact: This development could improve price discovery and market efficiency in the single-name CDS market, which has historically been less liquid than index CDS trading.
- Regulatory Alignment: The SBSEF registration aligns with post-financial crisis reforms aimed at increasing transparency and reducing systemic risk in the derivatives markets, positioning ICE favorably in the evolving regulatory landscape.
- Revenue Potential: The expansion into single-name CDS trading opens up new revenue streams through transaction fees and data services, potentially contributing to ICE's top-line growth.
This development strengthens ICE's value proposition in the fixed income markets, particularly as institutional investors seek more sophisticated tools for credit risk management and trading. The approval could lead to increased market share in the credit derivatives space, where ICE already maintains a strong presence through its clearing operations.
“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
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
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250203826954/en/
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Source: Intercontinental Exchange
FAQ
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