The FINANCIAL — Intercontinental Exchange announced on August 12 that the Agency for the Cooperation of Energy Regulators (ACER) has approved ICE Trade Vault Europe Limited (ICE Trade Vault Europe) as a Registered Reporting Mechanism (RRM) to meet the reporting requirements of the European wholesale energy markets.
ICE Trade Vault Europe provides a trade repository solution across the commodities, credit, equity, FX and interest rate derivatives asset classes, following its successful launch in February 2014. The addition of the RRM Service further expands its commodity offering to the European wholesale energy markets, an important focus for ICE Trade Vault Europe, according to Intercontinental Exchange.
David Peniket, Executive Director of ICE Trade Vault Europe, said “ICE Trade Vault Europe provides customers with a scalable and seamless trade repository solution which is now expanded following the approval by ACER to collect trade and order data for the European wholesale energy markets. We will continue to respond to our customers’ needs by offering an efficient trade reporting solution that supports their global regulatory and compliance needs.”
ICE Trade Vault Europe builds upon ICE’s widely recognized trading and clearing technology as well as the confirmation and affirmation matching services, ICE eConfirm and ICE Link. ICE Trade Vault Europe was approved by the European Securities and Markets Authority (ESMA) as a trade repository during 2013 and has processed over one billion over-the-counter (OTC) and exchange-traded derivatives (ETD) reports. ICE Trade Vault Europe’s registration as a RRM is also subject to review by ESMA.