Spectron, the global commodities brokerage, and IntercontinentalExchange((R)) (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter (OTC) markets, announced that Spectron has joined the ICE eConfirm((R)) Broker Matching Service for OTC transactions.
The ICE eConfirm platform is designed to facilitate fast and accurate post-trade confirmation, increase back-office efficiency and reduce the potential for trade data errors. The ICE eConfirm Broker Matching Service allows participants to auto-match trade data and resolve discrepancies with brokers via the ICE eConfirm website, eliminating phone calls, paper faxes and emails.
"We are delighted to add ICE eConfirm to our full suite of brokerage services — and have had strong demand for the service from our customers in North America. It could significantly reduce operational risk for our clients — cutting the time spent on matching and confirming trades and improving the accuracy of these processes," said Gordon Bennett, managing director of Spectron USA.
"We are extremely pleased that Spectron enrolled in the Broker Matching Service," said Chuck A. Vice, ICE president and coo. "As the confirmation solution for the world’s largest trading firms, ICE eConfirm has become the trade confirmation standard for the energy industry. The addition of Spectron will allow the 200+ ICE eConfirm Participants to further automate their confirmation process."
For more information about ICE eConfirm, please consult the ICE website: www.theice.com or www.eConfirm.com.
