Profits at IntercontinentalExchange’s European clearing house jumped by nearly 40% last year, as the group began to reap the rewards from a takeover of the region's largest derivatives exchange.

Companies House filings for Ice Clear Europe show a net profit of $354.97 million in 2013, a 38.5% increase on $256.12 million in 2012. Revenues from clearing and delivery fees jumped 28% to $631.68 million from $492.9 million over the same period.