Intercontinental Exchange, Inc. (ICE), a global provider of technology and data, announced that its subsidiary, ICE Benchmark Administration Limited (IBA), has been granted recognition by the European Securities and Markets Authority (ESMA) as a third-country benchmark administrator. This recognition was issued under Article 32 of the EU Benchmarks Regulation (EU BMR).

The ESMA decision ensures that IBA’s ‘significant’ EU benchmarks, specifically the ICE Swap Rate® and the LBMA Gold Price, will remain available for use by ‘supervised entities’ across the European Union, in compliance with the EU BMR.

Clive de Ruig, President of ICE Benchmark Administration, stated, “IBA is pleased to have been granted recognition by ESMA. This decision ensures IBA’s EU-based clients can continue to use the ICE Swap Rate® and the LBMA Gold Price without disruption and demonstrates our ability to apply robust governance and best-in-class technology to give market participants confidence in the information they depend upon.”

In addition to ESMA’s recognition, ICE Benchmark Administration is authorized and regulated by the U.

K. Financial Conduct Authority (FCA) for the administration of benchmarks. Under this authorization, IBA administers several other benchmarks, including the LBMA Silver Price, the ICE Term Reference Rates, and the ICE RFR Indexes. These specific benchmarks are not currently within the scope of the EU BMR and are therefore not subject to any EU-usage restrictions at this time.

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company operating digital networks that provide financial technology and data services across major asset classes. ICE Benchmark Administration, a subsidiary of ICE, was founded to provide benchmark and administrative services designed to bring certainty and predictability to global financial and commodity markets.