Ice's CLS service cut by JP Morgan

US bank discontinues CLS services for ICE and CME

jp-morgan-canary-wharf

Clearing house Ice Clear US (ICUS) has had its third-party settlement to CLS stopped by its provider, JP Morgan, as banks continue to move away from offering CLS services to financial market infrastructures (FMIs)

The changes at ICUS took place on June 16, following a notification to the Commodity Futures Trading Commission (CFTC) in March. According to its filing to the commission, ICUS's third-party settlement provider "has expressed an intention to discontinue providing services to central

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