Intercontinental Exchange (NYSE: ICE), the international group of exchanges and clearinghouses, has announced today that the European Securities and Markets Authority (ESMA) has approved ICE Trade Vault Europe Limited (ICE’s European trade repository) to extend its trade repository registration for the reporting of foreign-exchange derivatives trade data.
The approval meets the requirements of the European Market Infrastructure Regulation (EMIR), the EU’s framework designed to increase the stability of the over-the-counter derivative markets. ICE Trade Vault Europe will assume the collection of FX derivatives data, which includes futures, options and forwards, with immediate effect. It was approved by ESMA as a trade repository in 2013 and has since processed over one billion over-the-counter and exchange-traded derivatives reports.
ICE’s Trade Vault Europe has offered a trade repository solution across commodities, credit, interest rate and equity derivatives since its launch on February 12, 2014. The addition of FX derivatives, which the company says was made in response to customer demand, expands its offering to the full complement of asset classes reportable under EMIR. It builds upon the group’s established trading and clearing technology as well as the confirmation and affirmation matching services, ICE eConfirm and ICE Link.
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David Peniket, Executive Director of ICE Trade Vault Europe, said: “ICE Trade Vault Europe provides customers with a scalable trade repository solution which is now expanded following the approval by ESMA to collect FX derivatives data. We will continue to respond to our customers’ needs by offering an efficient trade repository service that supports their global regulatory and compliance needs.”