ICE Clear Europe to commence clearing on November 3
London-based ICE Futures Europe’s wholly owned clearing house ICE Clear Europe will begin operations on November 3, when all futures and OTC trading positions are transferred from current clearer LCH.Clearnet.
The transfer of positions was delayed from September 15 due to the bankruptcy of Lehman Brothers, though the technology transfer was completed successfully.
So far, ICE Clear Europe has received membership applications from 47 clearing firms, according to the exchange.
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