Intercontinental Exchange (ICE), the leading global network of exchanges and clearing houses, announced today that the Ontario Securities Commission (OSC) approved ICE Trade Vault as a Canadian Trade Repository to serve the commodity, credit and foreign exchange asset classes. ICE Trade Vault will seek trade repository registration in Alberta once the provincial rules are finalized.
“We are pleased with OSC’s approval following a thorough application and review process,” said Bruce Tupper, President of ICE Trade Vault. “ICE is committed to meeting its customers’ global reporting obligations, and this approval extends our service to help them address their regulatory requirements.”
In June 2012, ICE Trade Vault became the first Swap Data Repository in the U.S. to receive provisional regulatory approval from the Commodity Futures Trading Commission. ICE Trade Vault began accepting credit default swaps trade data in October 2012 and commodities trade data in February 2013. In November 2013, the European Securities and Markets Authority 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.
ICE’s proven repository technology for market participants to submit data and will connect to a range of institutions, including clearing houses, Swap Execution Facilities and Designated Contract Markets. Adopting ICE’s repository technology will ensure minimum disruption for participants who can continue to use their existing connectivity to report derivatives data in real-time. New Canadian reporting requirements are scheduled to take effect Oct. 31, 2014.