22 December 2014

ICE Trade Vault processes 4.5 million transactions on first day of trade reporting

13 February 2014  |  1728 views  |  0 Source: IntercontinentalExchange

IntercontinentalExchange Group (ICE), the leading global network of exchanges and clearing houses, today provided an update on the first day of European trade reporting for Exchange Traded Derivatives (ETD) and over-the-counter derivatives (OTC) transactions.

On the first day of trade reporting, ICE Trade Vault Europe, ICE's European Trade Repository, processed around 4.5 million trades across energy, agricultural commodities, metals, credit, interest rates and equity derivatives. Trades and positions relating to over 300 market participants were successfully reported either directly or via delegated reporting.

"Many of our customers have worked tirelessly to prepare for this week's reporting deadline and we would like to thank them for their efforts and cooperation in working hard to ensure that the first day of reporting occurred seamlessly," said David Peniket, Executive Director of ICE Trade Vault Europe.

The European Securities and Markets Authority (ESMA) approved ICE Trade Vault Europe as a Trade Repository for the reporting of swaps and futures trade data to meet requirements of the European Market Infrastructure Regulation (EMIR) in November last year. ICE Trade Vault Europe is approved to collect trade data in the commodities, credit, interest rate and equity derivatives asset classes. Unique to EMIR, European trade data reporting also encompasses exchange-traded derivatives (ETDs). ICE's exchanges and clearing houses offer delegated reporting services to streamline the submission of ETDs.

ICE Trade Vault Europe uses ICE's proven repository technology for market participants to submit data and will connect to a range of institutions, including Clearing Houses, Multilateral Trading Facilities (MTFs) and Organised Trading Facilities (OTFs). Market participants adopting the ICE Trade Vault repository technology ensure seamless integration to single front-end for global reporting obligations. These participants can leverage their existing connectivity to satisfy new reporting obligations. ICE Trade Vault is delivering a cost-efficient global repository solution.

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