RBC Capital Markets has joined credit default swaps (CDS) clearinghouse, ICE Clear Credit, as a Futures Commission Merchant (FCM) clearing participant.
Eric Aldous
The move comes as part of the firm’s push to expand its CDS client clearing services and marks the first FCM with a Canadian parent company, Royal Bank of Canada, to join ICE Clear Credit.
Eric Aldous, head of futures at RBC Capital Markets, said:“This builds on our FCM offering and complements our capabilities for Futures and Interest Rate Swaps, deepening our client relationships and providing new growth opportunities.”
The firms have also said that the integration will support the provision of necessary clearing solutions as regulatory and capital requirements in the industry evolve.
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Stan Ivanov, president of ICE Clear Credit, said: “Their [RBC Capital Markets’] participation reflects the growing demand for resilient and capital efficient risk management services and highlights the critical role central clearing plays in supporting healthy, transparent and competitive markets.”
The move follows recent developments in clearing for RBC in the last few months. In May 2025, the firm joined UK clearinghouse LCH CDSClear as a clearing member, to increase the level of choice market participants have in CDS clearing, by providing the capacity to clear a wide range of credit derivative products.
Prior to this, RBC and its Channel Islands subsidiary joined LCH RepoClear as clearing members in 2020.