IntercontinentalExchange, a leading operator of global derivatives exchanges and over-the- counter (OTC) markets, today announced that it has received final regulatory approval for a cross-margining program for futures and options based on Russell Indexes.
The approval, announced today by the U.S. Commodity Futures Trading Commission, will allow ICE Clear U.S.(TM) (ICE Clear), the clearing house for ICE Futures U.S.(TM), and the Options Clearing Corporation (OCC), the clearing organization for U.S. exchange-traded equity and equity index options, to cross-margin positions between the two clearing organizations. Cross-margining allows market participants who qualify under the terms of the program to benefit from lower margins for risk-reducing positions in related markets. The availability of cross-margining is an important consideration for market participants who use related markets to hedge risk.
