ICE wins recognition as benchmark admin well ahead of deadline

Index returns benchmark adobe stock
By GlobalCapital, Ross Lancaster
17 Jun 2019

The UK financial regulator has recognised Intercontinental Exchange’s data and analytics unit as a third-country benchmark administrator, more than two years ahead of schedule.

Exchange operator ICE said its ICE Data Indices subsidiary had now been recognised by the UK’s Financial Conduct Authority as a third-country benchmark administrator under Article 32 of the new European Union Benchmark Regulation (BMR) rules.

The approval puts ICE ahead of the game in winning EU recognition. ...

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