ICE announces single-name CDS after SEC approval for SBSEF registration

Intercontinental Exchange announced that the U.S. Securities and Exchange Commissio or SEC, has approved ICE Swap Trade’s application for registration as a security-based swap execution facility or SBSEF pursuant to the requirements of Regulation SE. With this approval, ICE Swap Trade can now offer single-name credit default swaps CDS rading for its dealer and institutional customers on its SBSEF, adding to ICE’s suite of execution solutions within fixed income…This approval follows the launch of ICE Swap Trade in 2013, which operates trading activity in many different products in the energy and CDS markets. ICE Swap Trade offers various index CDS products across North American, European and emerging market instruments, and is pleased to now offer single-name CDS.