Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

LCH.Clearnet Confirms Talks With NYSE Euronext On European Clearing Strategy

Responding to NYSE Euronext's (NYX: Quote) announcement regarding its European clearing strategy, LCH.Clearnet Group Limited, a counterparty clearing house in Europe, on Wednesday confirmed that it has held constructive preliminary discussions with NYSE Euronext. The talks were regarding its current intentions with respect to the clearing arrangements of its cash equities and derivatives businesses.

In its statement, LCH.Clearnet welcomed NYSE Euronext's intention to agree a long term clearing arrangement with the clearing house with respect to its continental regulated cash equities markets. This would replace the existing contract with a new long term arrangement. For the existing contract, a termination notice had initially been served in May 2010, and the contract extended until December 2013.

Ian Axe, CEO of LCH.Clearnet said, "LCH.Clearnet will work collaboratively with NYSE Euronext, clients, market participants and regulators to ensure a smooth transition and continuation of clearing services. We wish NYSE Euronext every success in its clearing strategy and look forward to continuing to serve NYSE Euronext as a key long term client and clearing member in cash equities."

Register
To receive FREE breaking news email alerts for NYSE Euronext and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Hewlett-Packard has recalled the AC power cords for its HP and Compaq notebook computer, citing a tendency to overheat, causing a potential fire and burn hazard. HP requests that consumers stop using the cord immediately and contact them to order a replacement cord free of charge. A UN report describing terrible atrocities carried out by Islamic State militants in Syria says children as young as 10 are being recruited and trained at ISIS camps as fighters. The report, based on 480 interviews and and evidence collected between 20 January and 15 July, chronicles the unimaginable brutality and human cost of the Syrian conflict. The report by the independent international com Poverty in Latin America and the Caribbean has been reduced by almost half in the last decade, and the middle class grew by 82 million people, from 21 percent of the population in 2000 to 34 percent in 2012, according to new data released by the United Nations Development Program (UNDP). UNDP's analysis, based on data from the Center for Distributive, Labor and Social Studies (CEDLAS), highlights
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.