SINGAPORE--(BUSINESS WIRE)--
Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that J.P. Morgan has been approved as a clearing member for ICE Clear Singapore, effective immediately.
“J.P. Morgan is pleased to expand our existing relationship with ICE as it continues to strengthen its presence in Asia. Our appointment as a clearing member for ICE Clear Singapore is also a clear statement of our commitment to this market, which maintains its position as a globally important financial center,” said David Martin, Managing Director, J.P. Morgan Securities Singapore.
“We are delighted to welcome J.P. Morgan as the fourth clearing member to ICE Clear Singapore,” said Lucas Schmeddes, President & COO, ICE Futures Singapore and ICE Clear Singapore. “We are seeing increased interest and trading activity and working closely with the regional market, we will continue to develop our offering to support the trading and risk management needs of customers.”
ICE has had a presence in Singapore since 2000 serving customers in the global energy markets. In recent years, Asia-based trading activity in ICE's benchmark commodity and interest rate products has been rising as the region assumes a greater role in global derivatives markets.
The first three clearing members of ICE Clear Singapore were KGI Ong Capital Pte Ltd, Phillip Futures Pte Ltd and UOB Bullion and Futures Ltd.
ICE Futures Singapore and ICE Clear Singapore operate under the oversight of the Monetary Authority of Singapore (MAS).
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates a leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on February 4, 2016.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE:JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
SOURCE: Intercontinental Exchange
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