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ICE clears $70B in CDS.

Publication: The Oil Daily
Publication Date: 07-APR-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: ICE clears $70B in CDS.(Finance)(IntercontinentalExchange Inc.)(Credit default swaps)(Brief article)

Article Excerpt
IntercontinentalExchange said that in its first four weeks of operation, ICE Trust has cleared over $70 billion in credit default swaps (CDS).

"The first month of CDS clearing operation represents an important milestone for the financial markets in reducing systemic risk, and was due in large part to efforts...

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