Intercontinental Exchange Inc (NYSE:ICE), the global network of exchanges and clearing houses, announced today that the Agency for the Cooperation of Energy Regulators (ACER) has given a nod of approval for ICE Trade Vault Europe Limited as a Registered Reporting Mechanism (RRM).
ICE Trade Vault Europe is now subject to reporting requirements of the European wholesale energy markets.
ICE Trade Vault Europe offers trade repository services across the commodities, credit, equity, Forex and interest rate derivatives asset classes, following its launch in February 2014. The addition of the RRM Service further bolsters its commodity offering to the European wholesale energy markets.
David Peniket, Executive Director of ICE Trade Vault Europe, said:
“ICE Trade Vault Europe provides customers with a scalable and seamless trade repository solution which is now expanded following the approval by ACER to collect trade and order data for the European wholesale energy markets. We will continue to respond to our customers’ needs by offering an efficient trade reporting solution that supports their global regulatory and compliance needs.”
ICE Trade Vault Europe has already processed over one billion over-the-counter (OTC) and exchange-traded derivatives (ETD) reports. ICE Trade Vault Europe’s registration as a RRM is also subject to review by ESMA.
To view the official announcement by ICE, click here.