ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that ICE Clear Canada has been recognized as a third-country central counterparty (CCP) in accordance with the European Market Infrastructure Regulation (EMIR).
“With a significant amount of business on our Canadian markets originating in Europe, we’re pleased to receive EMIR recognition by the European Securities and Markets Authority (ESMA), allowing ICE Clear Canada to provide clearing services to European firms,” said Brad Vannan, ICE Futures Canada and ICE Clear Canada President and COO. “This provides an additional assurance to our European customers and enhances their confidence in our Canadian agricultural market, which includes our global benchmark canola contract.”
Regulated by the Manitoba Securities Commissions pursuant to the provisions of the Commodity Futures Act, ICE Clear Canada has been added to ESMA’s list of recognized third-country CCPs under EMIR following the European Commission’s assessment of Canada as an equivalent third country regime.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of global futures and equity exchanges and provides world class clearing, data and listing services across many markets. 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, 2015, as filed with the SEC on February 4, 2016.
SOURCE: Intercontinental Exchange