The London Stock Exchange is to acquire a majority 60% stake in LCH.Clearnet in a deal valuing the clearing house at EUR813 million.
This is great news for the European securities markets and the FS firms and their clients. We can expect a reduction of risks and costs as this new structure is implemented. It also puts the LSE firmly in a position to grow and cement a dominant position as global
The Post Trade Forum will no doubt debate the benefits of this deal in the April meeting. See Post Trade Forum website on Finextra for details
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