IntercontinentalExchange (ICE) has entered an agreement with CME Group. The U.S. futures exchange‘s ICE Link platform will provide connectivity to CME Clearing for credit default swap (CDS) clearing.
ICE Link offers straight-through-processing (STP) for the CDS market, with connectivity to 453 buy-side firms, 26 dealers, 11 prime brokerages and five interdealer brokers. It already offers STP connectivity to the ICE Trust and ICE Clear Europe CDS clearing houses.
Click here for the release from PR Newswire.