ICE Europe to enter OTC Rates Clearing | LCH and Eurex Quaking in their Boots
According to a story at eFN, ICE have made their chess move to position themselves to compete with a combined ETD & OTC clearing offering. Since buying LIFFE the move into Rates clearing would seem a logical move, given that Eurex and CME have built their platforms on the same basis. Whether ICE will also provide the facility to cross-margin between ETD and OTCS is not mentioned, but surely the next step.
For the full story and pictures click over to http://www.efinancialnews.com/story/2014-10-13/ice-clear-europe-eyes-rates-push?ea9c8a2de0ee111045601ab04d673622