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IntercontinentalExchange Group Inc. (ICE) has appointed Lucas Schmeddes as president of both ICE Futures Singapore and ICE Clear Singapore, two new entities created by the acquisition of the Singapore Mercantile Exchange (SMX) and SMX Clearing Corporation (SMXCC). Schmeddes was previously COO of ICE Endex, ICE’s Dutch gas and power derivatives trading platform. Acquiring SMX and SMXCC has made ICE the first non-Asian exchange to own a clearing house in the region.
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