Former CLS-Exec, Robert Close, Relinquishes Board Role at ICE

Robert Close has relinquished his executive board role at the Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term’s (ICE) (NYSE: ICE), snapping a two-year stint with the European Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term.

Mr. Close formerly served as the Chief Executive Officer (CEO) of CLS Group Holdings since 2006, having also functioned as the President and Chief Executive Officer of CLS Bank International over the same timeframe. He originally joined the group back in 2000 as its Chief Operating Officer (COO).

ICE (NYSE: ICE) has already undergone a shakeup in its personnel department, having added two new senior level appointments to its London operations, including Chris Rhodes and Gordon Bennett.

More specifically, Chris Rhodes has been named Head of Interest Rates and Gordon Bennett the Managing Director, Utility Markets, both at ICE Futures Europe respectively.