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News breaking: 2017-12-07

Intercontinental Exchange – Intercontinental Exchange Recognized f..


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Intercontinental Exchange Recognized for Excellence in Clearing by Risk and FOW
Released : 07 December 2017
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Intercontinental Exchange Recognized for Excellence in Clearing by Risk and FOW

ATLANTA & NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, announced today that two of its clearing houses received
awards from Risk and FOW for excellence in clearing.
ICE Clear Credit won
Risk’s 2018 Clearing House of the Year award for the strong progress it
has made in growing clearing for credit default swaps (CDS) and
enhancing the risk framework for these instruments. In addition, at the
FOW International Awards Gala Dinner last night, ICE
Clear US won FOW's 2017 CCP of the Year award for its innovative
work in launching new products and implementing new recovery and
resolution rules. ICE was also recognized by FOW for most innovative new
contract for Eris LIBOR futures.

“We’re honored to be recognized by both Risk and FOW,” said
Intercontinental Exchange CFO, Scott Hill. “ICE is a leading provider of
tools and information for price discovery and risk valuation, and our
global network of clearing houses provides customers with the
confidence, flexibility and robust technology to manage risk in global
markets.”

Through November, ICE Clear Credit had cleared notional CDS client
single name clearing of $360 billion, compared to $190 billion in all of
2016. In 2017, ICE Clear Credit launched financial corporate single name
CDS and is the only clearing house to offer clearing of U.S., European
and Asia Pacific financial corporations and sovereign instruments. ICE
Clear Credit also received approval to implement new recovery and
resolution rules, a key part of the decision for the Risk award, which
is beneficial for member and client risk exposure.

In 2017, ICE Clear US launched the NYSE
FANG+ Index futures contract, as well as daily gold and silver
contracts providing an innovative way to broaden participation in the gold
and silver auctions administered by ICE
Benchmark Administration. ICE Clear US also received approval to
implement new recovery and resolution rules to further enhance the
resilience of the markets it serves.
About Intercontinental ExchangeIntercontinental
Exchange (NYSE:ICE) is a Fortune 500 company that operates a leading
network of global futures,
equity and equity options exchanges, as well as global
clearing and data
services across financial and commodity markets. The New
York Stock Exchange is the world leader in capital raising, listings
and equities trading.

Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at www.intercontinentalexchange.com/terms-of-use.

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statements in this press release regarding ICE's business
that are not historical facts are "forward-looking statements" that
involve risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2016, as filed with the SEC on February 7, 2017.

SOURCE: Intercontinental Exchange

ICE-Corp
View source version on businesswire.com: http://www.businesswire.com/news/home/20171207005542/en/ICE Media Contact:Damon Leavell+1 212 323 8587damon.leavell@theice.comorICE
Investor Relations Contact:Warren Gardiner+1 770 835 0114warren.gardiner@theice.comSource: Intercontinental Exchange
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