ICE Adds Two Executives to Derivatives Markets Business

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 (NYSE: ICE), a global web of exchanges and Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term houses, has made two new senior level appointments to its London operations, including Chris Rhodes and Gordon Bennett.

Last month, the Intercontinental Exchange (ICE) appointed Mary John Miller as its Director of the ICE Benchmark Administration (IBA). Ms. Miller was formerly the under secretary for domestic finance at the US Treasury, having also joined the IBA as chairperson on behalf of the nominating committee.

ICE’s two new appointments will serve its global derivatives markets - Chris Rhodes has been named Head of Interest Rates and Gordon Bennett the Managing Director, Utility Markets, both at ICE Futures Europe respectively.

In his new role as the head of ICE’s interest rates operations, Mr. Rhodes will be reporting to Chris Edmonds, Senior Vice President, ICE Financial Markets, where he will be tasked with strengthening and expanding ICE’s European interest rate contracts including Euribor, Short Sterling and Gilt futures and options.

Conversely, Mr. Bennett will oversee for ICE’s sales and business development as its newest managing director, relegated to the European natural gas, power and emissions markets – he will also be reporting to Mr. Edmonds.

“We are delighted to appoint two highly experienced and respected market specialists to these new roles at ICE Futures Europe. They will bring a wealth of experience to our global derivatives markets and support our efforts to serve our customer’s evolving requirements at a time of continuous change,” said David Peniket, President and Chief Operating Officer, ICE Futures Europe.