Intercontinental Exchange to Launch ICE Futures and ICE Clear Singapore in March
- The company unveiled its plans to restart the operations of the entities formerly known as the Singapore Mercantile Exchange and Singapore Mercantile Exchange Clearing Corporation on March 17th 2015.
After the Intercontinental Exchange Inc (NYSE:ICE) concluded the deal with the Singapore Mercantile Exchange last year, it became the first non-Asian exchange to own a 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 in the region. The company acquired the Singapore Mercantile Exchange and Singapore Mercantile Exchange Clearing Corporation in November 2013.
After renaming them to ICE Futures Singapore and ICE Clear Singapore, the company decided to keep their licenses and announced its plans for the entities to operate as an approved exchange and approved clearing house in Singapore.
The Intercontinental Exchange Inc (NYSE: ICE) unveiled today that it plans operations at ICE Futures Singapore and ICE Clear Singapore to begin on March 17th, 2015.
The products to be listed and cleared products at ICE Futures Singapore and ICE Clear Singapore will be announced shortly, as they are currently pending the approval of the Monetary Authority of Singapore (MAS).
The Intercontinental Exchange Inc has also decided to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its repository technology in the region and ICE Trade Vault, LLC submitted a foreign trade repository application to the MAS.
Intercontinental Exchange Inc’s operating arms in the region, ICE Futures Singapore and ICE Clear Singapore, will be headed by long-term industry veteran Lucas Schmeddes, serving as President and Chief Operating Officer, who previously worked at ICE Endex in the Netherlands which represents the company’s Dutch gas and power derivatives business.
Serving as Vice President of ICE for the Asia-Pacific region is Jennifer Ilkiw, who previously held senior positions at the New York Mercantile Exchange and the MAS.
After the Intercontinental Exchange Inc (NYSE:ICE) concluded the deal with the Singapore Mercantile Exchange last year, it became the first non-Asian exchange to own a 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 in the region. The company acquired the Singapore Mercantile Exchange and Singapore Mercantile Exchange Clearing Corporation in November 2013.
After renaming them to ICE Futures Singapore and ICE Clear Singapore, the company decided to keep their licenses and announced its plans for the entities to operate as an approved exchange and approved clearing house in Singapore.
The Intercontinental Exchange Inc (NYSE: ICE) unveiled today that it plans operations at ICE Futures Singapore and ICE Clear Singapore to begin on March 17th, 2015.
The products to be listed and cleared products at ICE Futures Singapore and ICE Clear Singapore will be announced shortly, as they are currently pending the approval of the Monetary Authority of Singapore (MAS).
The Intercontinental Exchange Inc has also decided to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its repository technology in the region and ICE Trade Vault, LLC submitted a foreign trade repository application to the MAS.
Intercontinental Exchange Inc’s operating arms in the region, ICE Futures Singapore and ICE Clear Singapore, will be headed by long-term industry veteran Lucas Schmeddes, serving as President and Chief Operating Officer, who previously worked at ICE Endex in the Netherlands which represents the company’s Dutch gas and power derivatives business.
Serving as Vice President of ICE for the Asia-Pacific region is Jennifer Ilkiw, who previously held senior positions at the New York Mercantile Exchange and the MAS.