Company Website:
http://www.theice.com
SINGAPORE -- (Business Wire)
Intercontinental Exchange (NYSE:ICE), a leading operator of global
exchanges and clearing houses and provider of data and listings
services, today announced that J.P. Morgan has been approved as a
clearing member for ICE
Clear Singapore, effective immediately.
“J.P. Morgan is pleased to expand our existing relationship with ICE as
it continues to strengthen its presence in Asia. Our appointment as a
clearing member for ICE Clear Singapore is also a clear statement of our
commitment to this market, which maintains its position as a globally
important financial center,” said David Martin, Managing Director, J.P.
Morgan Securities Singapore.
“We are delighted to welcome J.P. Morgan as the fourth clearing member
to ICE Clear Singapore,” said Lucas Schmeddes, President & COO, ICE
Futures Singapore and ICE Clear Singapore. “We are seeing increased
interest and trading activity and working closely with the regional
market, we will continue to develop our offering to support the trading
and risk management needs of customers.”
ICE has had a presence in Singapore since 2000 serving customers in the
global energy markets. In recent years, Asia-based trading activity in
ICE's benchmark commodity and interest rate products has been rising as
the region assumes a greater role in global derivatives markets.
The first
three clearing members of ICE Clear Singapore were KGI Ong Capital
Pte Ltd, Phillip Futures Pte Ltd and UOB Bullion and Futures Ltd.
ICE Futures Singapore
and ICE Clear Singapore
operate under the oversight of the Monetary Authority of Singapore (MAS).
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates a leading network of
global futures, equity and equity options exchanges, as well as global
clearing and data services across financial and commodity markets. The
New York Stock Exchange is the world leader in capital raising, listings
and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE and New York Stock Exchange.
Information regarding additional trademarks and intellectual property
rights of Intercontinental Exchange, Inc. and/or its affiliates is
located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 -- Statements in this press release regarding ICE's business
that are not historical facts are "forward-looking statements" that
involve risks and uncertainties. For a discussion of additional risks
and uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2015, as filed with the SEC on February 4, 2016.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services
firm with assets of $2.5 trillion and operations worldwide. The Firm is
a leader in investment banking, financial services for consumers and
small businesses, commercial banking, financial transaction processing,
and asset management. A component of the Dow Jones Industrial Average,
JPMorgan Chase & Co. serves millions of consumers in the United States
and many of the world's most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands. Information
about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
SOURCE: Intercontinental Exchange
ICE-CORP
View source version on businesswire.com: http://www.businesswire.com/news/home/20160926006002/en/
Contacts:
ICE
Media Contact:
Claire Miller
+44 20 7065 7745
claire.miller@theice.com
or
Investor
Contact:
Kelly Loeffler
+1 770 857 4726
kelly.loeffler@theice.com
Source: Intercontinental Exchange
© 2024 Canjex Publishing Ltd. All rights reserved.