IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, today announced that ICE Clear U.S. has completed the transfer or closure of all MF Global customer positions executed on ICE Futures U.S. and held at the clearing house. The substantial majority of customer positions were transferred to alternative clearing participants at the request of customers, and the balance of open positions were closed by the clearing house. ICE Clear U.S. remained fully collateralized throughout the process.
“ICE Clear U.S. appreciates the cooperation and support from customers, the Trustee and regulators as we’ve worked through the management of MF Global’s default,” said ICE Clear U.S. president Thomas Hammond.
