Bloomberg News

IntercontinentalExchange to Create a Swap Execution Facility

August 05, 2013

IntercontinentalExchange Inc. (ICE:US), owner of the world’s largest credit-default swap clearinghouse, will create a trading system for the contracts.

ICE Swap Trade will be supported by Citigroup Inc. (C:US), Morgan Stanley (MS:US), Societe Generale SA (GLE) and UBS AG (UBSN) and is expected to begin operations by the end of September, the Atlanta-based company said in an e-mailed statement today.

To contact the reporter on this story: Matthew Leising in New York at mleising@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net


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Companies Mentioned

  • ICE
    (Intercontinental Exchange Inc)
    • $195.96 USD
    • -1.56
    • -0.8%
  • C
    (Citigroup Inc)
    • $50.09 USD
    • -0.09
    • -0.18%
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