8/10/2009

IntercontinentalExchange appears to be pulling ahead of its competition in terms of clearing credit default swaps in both Europe and the U.S. The exchange group said its European clearinghouse cleared 840 CDS transactions worth a total of $53.6 billion during its first two weeks of operation. The firm's North American CDS clearinghouse, which launched in March, has cleared contracts worth more than $1.7 trillion.

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