NYSE Owner ICE Gets SEC Approval for Treasury Clearinghouse

Intercontinental Exchange Inc. won approval to operate a clearinghouse for US Treasuries, becoming the latest provider of the service under new regulations for the world’s largest debt market.

The firm plans to clear US Treasuries after it got permission from the US Securities and Exchange Commission to operate, according to Paul Hamill, chief commercial officer of the company’s ICE Clear Credit unit. This service is now live, and preparing to add repurchase agreements by the end of the year.

“There is demand for competition and improvements and modernization of the Treasury market,” which is growing in size, Hamill said in ...