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ICE to Establish UK Clearing House

At 29 May 2008 09:00:27 in MM-Clearing & Settlement, MM-News in Brief, MiFIDMonitor.com    Print Article  Email Article   Full content requires subscription 

US market operator IntercontinentalExchange (ICE) has received regulatory approval to establish its own clearing operation in London, which will be dubbed ICE Clear Europe. It has been granted permission to operate in the UK by the UK Financial Services Authority (FSA), following HM Treasury approval and an Office of Fair Trading (OFT) review. ICE Clear Europe is expected to commence operations in July 2008.

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