NYSE Euronext Extends LCH Contract
NYSE Euronext has delayed its plans to end its clearing contract with LCH.Clearnet.
NYSE Euronext has delayed its plans to end its clearing contract with LCH.Clearnet. The pan-European exchange operator has extended its U.K. and European clearing deal with LCH.Clearnet for another year.
The contract was set to be terminated in November 2012. The current clearing arrangements will continue to June 2013 for derivatives and December 2013 for cash. The contractual arrangements between NYSE Liffe Clearing and LCH.Clearnet, in respect to NYSE Euronext Derivatives in London, will remain unchanged.
Click here for the release from NYSE Euronext.