March 1, 2014

ICE Trade Vault: 4.5M

By Editorial Staff

The numbers don't lie. IntercontinentalExchange Group's Trade Vault Europe, its European trade repository, processed roughly 4.5 million trades across energy, agricultural commodities, metals, credit, interest rates and equity derivatives. These numbers were for its first day of trade reporting for exchange-traded derivatives and over-the-counter derivatives transactions.

ICE officials said trades and positions relating to more than 300 market participants were successfully reported either directly or via delegated reporting.

"Many of our customers have worked tirelessly to prepare for this week's reporting deadline and we would like to thank them for their efforts and cooperation in working hard to ensure that the first day of reporting occurred seamlessly," said David Peniket, executive director of ICE Trade Vault Europe.

The European Securities and Markets Authority approved ICE Trade Vault Europe as a trade repository for the reporting of swaps and futures trade data to meet requirements of the European Market Infrastructure Regulation in November last year. ICE Trade Vault Europe is approved to collect trade data in the commodities, credit, interest rate and equity derivatives asset classes. Unique to EMIR, European trade data reporting also encompasses exchange-traded derivatives. ICE's exchanges and clearinghouses offer delegated reporting services to streamline the submission of ETDs.

ICE Trade Vault Europe uses ICE's proven repository technology for market participants to submit data and will connect to a range of institutions, including clearinghouses, multilateral trading facilities and organized trading facilities.

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