ICE To Launch OTC FX Clearing In 2Q
Yesterday, IntercontinentalExchange Inc. (NYSE:ICE) announced the introduction of non-deliverable forward foreign exchange (FX) over-the-counter (OTC) contracts to its clearing services. An official launch is scheduled in the second quarter of 2012, subject to regulatory approvals. Post the receipt of approval, the service will begin for both client and clearing member trades, whereby ICE plans to [...]
Yesterday, IntercontinentalExchange Inc. (NYSE:ICE) announced the introduction of non-deliverable forward foreign exchange (FX) over-the-counter (OTC) contracts to its clearing services. An official launch is scheduled in the second quarter of 2012, subject to regulatory approvals.
Post the receipt of approval, the service will begin for both client and clearing member trades, whereby ICE plans to clear non-deliverable forward contracts for foreign exchange currencies including Brazilian Real, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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