Clearing for trades on futures exchange operator IntercontinentalExchange’s European subsidiaries will migrate to ICE Clear Europe from LCH.Clearnet on the weekend of 13 and 14 September – a month later than previously announced and almost two months later than its initial expectations.
The futures exchange group had said earlier that it expected ICE Futures Europe and ICE over-the counter (OTC) trading positions would move over to ICE Clear Europe in August, subject to further consultation with LCH and clearing members.
Since its recognition by the Financial Services Authority (FSA) on 12 May, ICE Clear Europe has received membership applications from 47 clearing.