things not going to plan, page-8

I see Chris Edmonds who left as CEO of IDCG is now president of ICE Trust, ICE?s credit default swaps clearer.
May have deserted a sinking ship.

"ICE Trust has emerged as the leading clearing house for credit default swaps, having cleared nearly $4 trillion in notional value of index and single name credit default CDS. IDCG has yet to clear any interest rate swaps contracts, although it has gone through extensive testing of its systems with dealers in a process it calls ?shadow clearing?."

http://www.ft.com/cms/s/0/d33f9844-1d5d-11df-b12e-00144feab49a.html