The ICE eConfirm Broker Matching Service allows participants to automatically match trade data and resolve discrepancies with brokers via the ICE eConfirm website, eliminating phone calls, faxes and emails.
ICE claims that its eConfirm service is also positioned to meet future trade reporting requirements in the US as a result of the Dodd-Frank Act.
Evolution Markets COO Mark Dixon said joining ICE eConfirm gives their customers the option to put in place straight through processing services for the energy and environmental markets they serve.
"Further automation of the confirmation process using ICE eConfirm will increase efficiencies and lower transactions costs for Evolution Markets’ customers, and we look forward to rolling it out to our global network of counterparties," Dixon said.
