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CME, ICE clearing houses authorized to open accounts with the Federal Reserve

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CME, ICE clearing houses authorized to open accounts with the Federal Reserve

The respective clearing houses of , andOptions ClearingCorp. have been authorized by the toeach open an account at the central bank, TheFinancial Times reported April 28.

ICE's authorization applies to its U.S. credit derivatives clearinghouse, according to the report.

CME Group's approval is only applicable to clearing firmhouse positions held in cash, CFO John Pietrowicz said during an April 28earnings call. Pietrowicz added that the company expects its house accountswill be operational in the next month or so, and that cash held in segregatedcustomer accounts will continue to be invested through commercial banks andU.S. Treasury securities, according to a transcript.