Intercontinental Exchange (ICE), the leading global network of exchanges and clearing houses, has completed its previously announced strategic investment in the Holland Clearing House, a continental European derivatives clearing house, to support its comprehensive clearing strategy. ABN Amro Clearing has retained a minority interest.
Holland Clearing House (HCH) is based in Amsterdam and is the primary clearing house for the TOM multi-lateral trading facility. HCH is regulated and supervised in the Netherlands by the Authority Financial Markets (AFM) and the Dutch Central Bank (DNB). Terms were not disclosed.
With the addition of HCH, ICE operates six clearing houses, and intends to launch ICE Clear Singapore in March 2015, subject to receipt of regulatory approvals. ICE operates London-based ICE Clear Europe, and HCH represents ICE’s first continental European-based clearing house.