RBC joins ICE Clear Credit as FCM clearing participant
The move makes the firm the first FCM with a Canadian parent company to join the credit default swaps clearinghouse.
The move makes the firm the first FCM with a Canadian parent company to join the credit default swaps clearinghouse.
ICE Clear Credit is now a recognised clearing house in the country after gaining approval from the Monetary Authority of Singapore.
Goldman Sachs, JP Morgan and Deutsche Bank among top institutions to clear credit default swaps with ICE Clear Credit.