NYSE Euronext Eyes Dual Clearing Services

NYSE Euronext is planning to establish two parallel clearing services if its proposed buyout of Anglo-French clearing house, LCH.Clearnet, goes through.

NYSE Euronext is planning to establish two parallel clearing services if its proposed buyout of Anglo-French clearing house, LCH.Clearnet, goes through, Reuters reports. The bourse has partnered with data vendor, Markit, for a possible joint takeover of LCH.Clearnet. Nasdaq OMX and the London Stock Exchange have also made offers for LCH.Clearnet. NYSE Euronext is the largest shareholder in London-based LCH.Clearnet with about 9% of its stock.

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