Regulacje i polityka gospodarcza · 27/12/2019

ICE Clear Credit LLC Seeks Approval for Enhanced Default Auction Procedures

The Commodity Futures Trading Commission (CTC) has approved a proposed rule change by ICE Clear Credit LLC, which aims to enhance the efficiency of initial default auctions and secondary auctions for clearing member defaults in the Intercontinental Exchange (ICE) Clear Credit LLC clearinghouse. The new procedures will help to reduce the time and cost associated with resolving defaults, promoting market stability and resilience.