The platform executed its first collateral transaction on 6 October between a UK pension fund and CME Clearing Europe.
The repo market has been under increased pressure from regulations.
The move to withdraw from GCF repo settlement will affect around 30 broker-dealer clients.
ICE will develop new repo-style interest rate futures contracts.
Negative rates in Europe have hit demand for repo and securities finance products.
The US bank eyes European expansion in collateral services, as Tradition plans its own repo trading platform.
Europe's pension funds could be forced to withdraw from the OTC derivatives market if rules on variation margin are not reviewed.
In order to raise cash fund managers will have to rely more on their clearing brokers to meet initial margin requirements.
Repo market stable despite decline of G-SIFI book decline.