IntercontinentalExchange (NYSE:ICE) , has announced today that the launch of ICE Clear Europe has been postponed, citing the turmoil in the financial markets following the collapse of Lehman Brothers
The new launch date has not been decided but is likely to be in late September or October. The technology phase of the transition was successfully completed as planned on Saturday, September 13.
"Given the success of the implementation of the transition plan this weekend, we are confident that the transfer will proceed smoothly on a rescheduled date," said ICE President and Chief Operating Officer Chuck Vice. "This decision was made in continuous consultation with industry participants throughout the weekend, and in the interest of the broader market, in order to respond appropriately to the current dynamic environment."
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