IntercontinentalExchange, the Atlanta-based futures market that last month became the first company to clear credit default swaps, said it processed contracts worth more than $70bn (€53bn) in its first month, in a boost for regulatory efforts to bring transparency to the $27 trillion market.

Ice's clearing house, known as Ice US Trust, guaranteed 613 CDS transactions worth $71bn in its first month, after launching on March 9, the exchange said.