ICE Clear US 100 Year Anniversary

Protecting Customers through 100 years of market evolution

ICE Clear U.S. has withstood financial crises and managed through market cycles for 100 years by developing a robust risk management framework that protects our market participants.

Timeline

  • 1915

    New York Cotton Exchange Clearing Association established in New York with an initial capital stock of $1,500.

  • 1962

    New York Cotton Exchange Clearing Association changes name to Commodity Clearing Corporation.

  • 1984

    Commodity Clearing Corporation begins clearing financial contracts including the most widely recognized benchmark for U.S. dollar, the ICE U.S. Dollar Index® (USDX®).

  • 1994

    Commodity Clearing Corporation begins clearing equity index and currency futures.

  • 1999

    Commodity Clearing Corporation changes its name to New York Clearing Corporation and begins clearing for the Coffee, Sugar & Cocoa Exchange and adds Russell Equity Index contracts to its portfolio.

  • 2001

    New York Clearing Corporation relocates to back-up Long Island City, New York facilities after the September 11 World Trade Center attack and provides uninterrupted clearing services in the days that follow. New York Clearing Corporation remains in Long Island City for two years, until the relocation back to downtown Manhattan.

  • 2004

    New York Clearing Corporation begins clearing trades for the New York Board of Trade following the merger of the Coffee, Sugar & Cocoa Exchange and the New York Cotton Exchange into the New York Board of Trade.

  • 2007

    Intercontinental Exchange acquires New York Board of Trade and the New York Clearing Corporation; name is changed to ICE Clear U.S.

  • 2014

    ICE Clear U.S. adds new asset class, precious metals, and begins clearing MSCI equity index contracts following ICE’s acquisition of NYSE Liffe U.S.

  • 2015

    ICE Clear U.S. is the first U.S. clearing house to reach the century mark.


Financial Safeguards

Our clearing houses have in place a comprehensive set of procedures and a robust risk management framework that includes:

  • Real-time position monitoring
  • Intraday mark-to-market margining
  • Substantial default resources including ICE skin-in-the-game
  • Rigorous stress testing
  • Comprehensive oversight
  • Extensive transparency
  • Strong governance