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ICE to focus on clearing ventures, derivatives

Posted on 08 May 2009

From Guardian.co.uk: IntercontinentalExchange will explore opportunities to expand clearing operations and derivative ventures, but has no plans to expand into other areas such as corn or metals trading, said chief executive Jeffrey Sprecher.
“The bigger opportunities for us are to find things like credit default swaps that are illiquid and opaque,” Sprecher told Reuters in an interview late Wednesday after the annual Sugar Club dinner in New York…….Full Article: Source


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