NYSE Euronext has announced that, subject to regulatory approval, it will commence clearing its European securities and derivatives business through two new, purpose-built clearing houses based in London and Paris in late 2012. LCH. Clearnet in London and LCH. Clearnet SA in Paris have been informed that NYSE Euronext’s current contractual arrangements for clearing with them will terminate at that time. No termination fees or penalties will be payable. The new clearing houses are part of NYSE Euronext’s strategic plan to offer clearing services in the UK and in the Eurozone. These clearing houses will complement NYSE Euronext’s cash and derivatives trading businesses.
View NYSE announces European clearing strategy, 12 May 2010