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ICE, 3 other firms team up to trade little-known securities

ajc.com » 2008 » October » 10th » ICE, 3 other firms team up to trade little-known securities

Atlanta-based IntercontinentalExchange, or ICE, has joined forces with three other financial companies to create a global clearinghouse for credit default swaps, the obscure securities blamed for fueling Wall Street's financial crisis. The team, which includes The Clearing Corp., Markit Group and Risk Metrics, met Friday with Federal Reserve Bank of New York officials, the New York Fed said in a … Continue Reading »

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