Intercontinental Exchange, Inc. announced on September 25, 2024, that ICE Clear Credit processed a record of over $1.1 trillion USD equivalent notional amount of credit default swap (CDS) instruments on Friday, September 20.
This achievement marks the highest amount ever cleared in a single day by any CDS clearinghouse globally. The record volume included $900 billion from client-related CDS transactions, highlighting significant market activity.
This operational milestone underscores ICE's dominant position in the CDS clearing market. The robust trading and clearing activity in this segment is a key driver of revenue for the company's Exchanges and Clearing Houses business.
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