CDS clearing — Rebates
Intercontinental Exchange CDS clearing — Rebates remained flat by 0.0% to $2.50M in Q4 2025 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase in rebates may indicate a strategic effort to capture market share or respond to competitive pricing pressure, potentially reducing net clearing margins. Conversely, a decrease may signal stronger market power, reduced competitive intensity, or a shift in the exchange's pricing strategy to maximize clearing revenue.
Detailed definition
This metric represents the financial incentives or fee reductions provided to clearing members or participants within th...
Peer comparison
Similar to liquidity rebates or volume-based incentives offered by other derivatives exchanges and clearinghouses to attract institutional trading activity.
ice_segment_cds_clearing_rebatesHistorical Data
| FY'24 | FY'25 | |
|---|---|---|
| Value | $0.00 | $10.00M |
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Frequently Asked Questions
- What is Intercontinental Exchange's cds clearing — rebates?
- Intercontinental Exchange (ICE) reported cds clearing — rebates of $2.50M in Q4 2025.
- What does cds clearing — rebates mean?
- The amount of fee discounts or incentive payments returned to participants in the CDS clearing business.