ATLANTA, Aug. 16, 2012 /PRNewswire/ -- IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, and Cetip S.A. – Latin America's largest private fixed income depository – today announced the launch of a Brazilian fixed income trading platform. The platform, Cetip | Trader, brings together electronic trading, voice confirmation, straight through processing and real-time and historical data in a single tool that will provide transparency, price formation, and workflow automation to Brazil's fixed income markets.
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ICE is providing the technology for the platform, which provides users with five key functionalities:
- Electronic buy and sell orders that settle bilaterally
- Confirmation of voice trades through Cetip | Voice
- Request for Quote (RFQ), which allows secure pricing requests to multiple dealers
- Limit Order Volume Clearing (LOVC), a unique feature to provide price formation during an auction process
- Volume Clearing (VC), which helps participants increase trade volume after a level is defined by the market
In addition to advanced screen trading execution, the platform enables straight through processing, allocations processing, and depository registration via a version of ICE Link enhanced to support the Brazilian bond market.
"ICE was the natural choice to develop this tool with us because of its technology expertise and ability to adapt this platform to the Brazilian market," said Carlos Ratto, Cetip's Commercial, Products, Marketing and Communications Officer.
About IntercontinentalExchange
IntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com
The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe, ICE Clear Europe, ICE Clear Canada, ICE Clear US, ICE Futures U.S., and ICE OTC. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding IntercontinentalExchange'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, 2011, as filed with the SEC on February 8, 2012, and ICE's Quarterly Report on Form 10-Q for the quarter ended June 30, 2012, as filed with the SEC on August 1, 2012.
ICE-CORP
SOURCE IntercontinentalExchange
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