European clearing house LCH.Clearnet has confirmed that it is in discussions to acquire International Derivatives Clearing Group (IDCG) from Nasdaq OMX as it bids to grow its interest rate swaps business in the US.
Very good news and more consolidation needed please. Great to hear that the Clearers are talking about cross margining and i hope we see evidence of agreement and operations soon
Excellent Basic, OTE and BenefitsLondon
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