ICE Link global head Clive de Ruig said as the leading trade affirmation service in the CDS market and a truly open platform, ICE Link is committed to providing the full range of straight-through-processing (STP) services, including connectivity to multiple clearing houses.
"We are pleased that the hundreds of buy-side clients, dealers and brokers who rely on ICE Link now have the ability to clear through multiple clearinghouses," de Ruig added.
ICE Link provides STP for the CDS market, with connectivity to 453 buy-side firms, 26 dealers, 11 prime brokerages and five interdealer brokers, as well as a number of post-trade services and data warehouses.
CME Clearing launched CDS clearing in December 2009.
ICE Link has provided STP connectivity to the ICE Trust and ICE Clear Europe CDS clearing houses since their respective launches in 2009.
