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IntercontinentalExchange (NYSE: ICE), a leading operator of global exchanges and over-the-counter (OTC) markets, confirmed that MF Global continues to meet all obligations at its U.S. and Canadian futures clearinghouses.
In addition, the ICE trading platform features a pre-trade credit filter at the matching engine level. ICE offers the ability for clearing firms to set limits on credit exposure for each trading account. If used appropriately by clearing firms, a complete credit check can occur prior to the execution of each and every futures or cleared OTC trade, thus preventing the execution of transactions in excess of pre-established limits. ICE's technology facilitates credit checks and trade matching in an industry-leading three milliseconds, guaranteeing efficient and reliable trade processing and unique real-time risk management capabilities within the derivatives marketplace.
MF Global accounts transacting at ICE Futures Europe and ICE OTC currently remain under the purview of a third-party clearinghouse.
About IntercontinentalExchange
IntercontinentalExchange(R) (NYSE: ICE) is a leading operator of global exchanges and over-the-counter (OTC) markets. ICE offers futures and OTC markets on a single trading platform, including markets for crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities and financial products such as canola, cocoa, coffee, cotton, ethanol, orange juice, wood pulp, sugar, foreign currency and equity index futures and options. ICE(R) conducts its energy futures markets, including the leading oil benchmark contracts, through its London-based exchange, ICE Futures Europe(TM). ICE conducts its global agricultural commodity, foreign exchange and equity index futures markets through its U.S. and Canadian exchanges, ICE Futures U.S.(TM) and ICE Futures Canada(TM), and offers clearing services through ICE Clear U.S.(TM). ICE's state-of-the-art electronic trading platform serves market participants in more than 55 countries. ICE is included in the Russell 1000(R) Index and the S&P 500 Index. Headquartered in Atlanta, ICE has offices in Calgary, Chicago, Dublin, Houston, London, New York, Singapore and Winnipeg. For more information, please visit www.theice.com.
