ICE and CME Receive Trade Repository Approvals

London-based CME Group's multi-asset European (EU) trade repository and ICE Trade Vault Europe have been approved to collect data trades across all mandated derivative asset classes, namely interest rates, foerign exchange, credit, commodities and equities. Under EMIR requirements, European trade data reporting will also encompass exchange-traded derivatives (ETDs).

"Trade reporting of derivatives transactions is one of the major requirements of the post-crisis G20 summit and our CME European Trade Repository will enable sell-side and buy-side clients to ensure they are fully compliant in the EU," says Jonathan Thursby, president of CME Global Repository Services.

CME and ICE are already operating Swap Data Repositories in the US for reporting under the Dodd Frank Act and will be using its European TRs to satisfy global and regional regulatory and compliance demands across jurisdictions.