SINGAPORE--(BUSINESS WIRE)--Intercontinental Exchange (NYSE:ICE), the leading global network of exchanges and clearing houses, announced today that ICE Clear Singapore has been recognised as a third-country central counterparty (CCP) in accordance with the European Market Infrastructure Regulation (EMIR).
“The EMIR recognition by the European Securities and Markets Authority (ESMA) allows ICE Clear Singapore to provide clearing services to European firms. This is a significant milestone,” said Lucas Schmeddes, President & COO, ICE Futures Singapore and ICE Clear Singapore. “We continue to work with market participants as we prepare for our launch on November 17.”
Regulated by the Monetary Authority of Singapore, ICE Clear Singapore has been added to ESMA’s list of recognised third-country CCPs under EMIR following the European Commission’s assessment of Singapore as an equivalent third country regime in October 2014.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.
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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, 2014, as filed with the SEC on February 5, 2015.
SOURCE: Intercontinental Exchange