Intercontinental Exchange (NYSE:ICE), an operator of global exchanges and clearing houses and provider of data and listings services, today announced that Goldman Sachs International has joined ICE Clear Netherlands as a general clearing participant.
Joost Beckers, President and COO of ICE Clear Netherlands, commented: “ICE Clear Netherlands is delighted to welcome Goldman Sachs International as General Clearing Participant. We continue to enhance our offering to support the risk management needs of our members and customers, and expect to see further growth as we complete the planned migration of our clearing systems to the ICE platform next month.”
ICE Clear Netherlands offers secure and capital-efficient clearing services for European equity derivatives products. ICE operates six clearing houses across North America, Europe and Asia to meet the requirements of market participants in their local jurisdictions. Back in September, Finance Magnates reported that ICE Clear Singapore had added JPMorgan as a clearing member in order to fulfill growing demand in the region.
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ICE Clear Netherlands provides two types of clearing membership based on the level of client clearing required. General clearing members are authorised to clear trades for their own account or trades which have been undertaken on behalf of their clients or other trading participants.
Direct clearing members meanwhile are authorised to clear trades for their own account or trades which have been undertaken just on behalf of their clients.
General clearing members now include ABN AMRO Clearing Bank, Interactive Brokers (U.K.) Ltd and Goldman Sachs. ABN AMRO Bank is currently the sole direct clearing member.