The Commodity Futures Trading Commission has granted ICE Clear Europe Limited (ICE Clear Europe) registration as a derivatives clearing organization (DCO). ICE Clear Europe had been operating as a multilateral clearing organization pursuant to Section 409 of the Federal Deposit Insurance Corporation Improvements Act and, in that capacity, provided clearing services to qualified U.S. participants trading energy-based over-the-counter (OTC) derivatives contracts and credit default swaps on European reference entities. As a registered DCO, ICE Clear Europe will be permitted to clear futures contracts, options on futures contracts and options on commodities, in addition to OTC derivatives contracts. ICE Clear Europe is also a Recognized Clearing House in the UK and, among other products, clears futures contracts listed for trading on ICE Futures Europe.
The CFTC press release can be found here.
The order granting registration as a DCO can be found here.