IntercontinentalExchange (ICE) credit default swap (CDS) clearinghouses have exceeded $25 trillion in cumulative gross notional value during the week ended November 11. Global regulated futures exchanges, clearinghouses and over-the-counter (OTC) markets operator ICE launched CDS clearers ICE Clear Credit and ICE Clear Europe in 2009.
ICE Clear Credit, operating in North America, has cleared $14.7 trillion in gross notional value. Its recently launched clearing of Latin American sovereign single-name CDS has grossed $62 billion in notional value. London-based ICE Clear Europe has cleared $10.6 trillion in gross notional value.
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