ICE's Trade Repository Approved in Europe for FX Derivatives
- ICE Trade Vault Europe was already approved by ESMA in 2013 and processed over one billion OTC and exchange-traded derivatives reports since
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), 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 Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (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.
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."
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), 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 Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term (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.
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."