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NYSE Euronext Eyes Parallel Clearing

NYSE Euronext is said to be looking at setting up parallel clearing services for instruments traded on exchanges and those off-exchange or in over-the-counter markets, reports Reuters.

NYSE Euronext is said to be looking at setting up parallel clearing services for instruments traded on exchanges and those off-exchange or in over-the-counter markets, if its proposed deal to acquire LCH.Clearnet succeeds. Sources said Eurex Clearing would handle exchange trades, while LCH.Clearnet would serve the OTC markets.

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