ICE Clear Europe Completes Transfer or Closure of MF Global UK Ltd Positions

IntercontinentalExchange

today announced that ICE Clear Europe has completed the transfer (termination and replacement of contracts) or closure of all MF Global UK Ltd client and proprietary positions. A large number of client positions, together comprising a substantial majority of MF Global UK Ltd open interest, were transferred to alternative clearing members at the request of customers. The balance of open positions were liquidated. Throughout the close-out process, ICE Clear Europe remained fully collaterised.