RBC Capital Markets joins ICE Clear Credit
27 June 2025 Canada
Image: Oleksandr/stock.adobe.com
RBC Capital Markets has joined ICE Clear Credit, a clearing house for credit default swaps, as a futures commission merchant (FCM) clearing participant.
According to Intercontinental Exchange (ICE), RBC Capital Markets is the first FCM with a Canadian parent company on ICE Clear Credit.
鈥淲e are excited to announce the launch of credit default swap clearing on ICE Clear Credit,鈥� says Eric Aldous, head of futures at RBC Capital Markets.
鈥淭his builds on our FCM offering and complements our capabilities for futures and interest rate swaps, deepening our client relationships and providing new growth opportunities.鈥�
ICE Clear Credit, launched by ICE in 2009 to bring centralised clearing to the credit default swap (CDS) market, enables clearing of more than 650 single name, index, and index option CDS instruments referencing corporate and sovereign debt.
Stan Ivanov, president of ICE Clear Credit, adds: 鈥淸RBC Capital Market鈥檚] participation reflects the growing demand for resilient and capital efficient risk management services and highlights the critical role central clearing plays in supporting healthy, transparent and competitive markets.
鈥淎s regulatory and capital requirements evolve, we remain committed to providing robust clearing solutions that enhance market integrity and meet the needs of clearing participants worldwide.鈥�
According to Intercontinental Exchange (ICE), RBC Capital Markets is the first FCM with a Canadian parent company on ICE Clear Credit.
鈥淲e are excited to announce the launch of credit default swap clearing on ICE Clear Credit,鈥� says Eric Aldous, head of futures at RBC Capital Markets.
鈥淭his builds on our FCM offering and complements our capabilities for futures and interest rate swaps, deepening our client relationships and providing new growth opportunities.鈥�
ICE Clear Credit, launched by ICE in 2009 to bring centralised clearing to the credit default swap (CDS) market, enables clearing of more than 650 single name, index, and index option CDS instruments referencing corporate and sovereign debt.
Stan Ivanov, president of ICE Clear Credit, adds: 鈥淸RBC Capital Market鈥檚] participation reflects the growing demand for resilient and capital efficient risk management services and highlights the critical role central clearing plays in supporting healthy, transparent and competitive markets.
鈥淎s regulatory and capital requirements evolve, we remain committed to providing robust clearing solutions that enhance market integrity and meet the needs of clearing participants worldwide.鈥�
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