ICE Halts Plans To Clear Some CDS After SEC Ruling

20 Mar 2013

The IntercontinentalExchange has suspended plans for now to clear single-name credit default swaps for hedge funds and money managers after the U.S. Securities and Exchange Commission issued a ruling March 8 that effectively doubled the amount of collaterals traders need to post.

The IntercontinentalExchange has suspended plans for now to clear single-name credit default swaps for hedge funds and money managers after the U.S. Securities and Exchange Commission issued a ruling March 8 that effectively doubled the amount of collaterals traders need to post. Click here to read the ...

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