Saturday, October 10, 2009

ICE's CDS clearing tops $3 trillion

Posted on Reuters:

IntercontinentalExchange Inc's (ICE.N) U.S. and European credit derivatives clearinghouses have handled more than $3 trillion in notional contract value in the seven months since the U.S. clearinghouse was launched.

ICE said on Monday it has cleared $2.3 trillion in U.S.-based credit default swaps since March, and 514 billion euro ($750 billion) in Europe-based CDS since the launch of the European clearinghouse in July.

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