ICE Clear Credit will now offer clearing of index options on the CDX North American investment grade and high yield indices and will expand further next year.
Brownstone Investment Group, Sumridge, and Wolverine have joined Flow Traders in participating in the ICE ETF Hub basket negotiation pilot scheme.
ICE said open interest in its three month SONIA futures grew to record levels recently as it prepares to launch new SONIA options.
ICE has started publishing the beta version of the ICE Swap Rate for swaps referencing SONIA for market participants to test and submit feedback.
Having been a founding member of the ICE ETF Hub advisory committee, Citi has now signed up as an authorised participant for the exchange group’s ETF ecosystem.
As it becomes a member of the ICE ETF Hub advisory committee, JP Morgan Asset Management will be a key development partner for the platform.
The ICE ETF Hub saw record notional volume in the second quarter, after welcoming Credit Suisse and Wells Fargo as authorised participants.
ICE Benchmark Administration has started publishing beta term SONIA rates for testing, using data from BGC, TP ICAP, and Tradition’s Trad-X central limit order books.
ICE has further expanded the list of authorised participants engaging with its ETF Hub with Credit Suisse.
Wells Fargo joins several other major institutions as an authorised participants on the ICE ETF Hub, including Goldman Sachs and Citadel Securities.