Deal with CME means Clearnet system could be extended to Liffe products
European clearinghouse Clearnet has secured the rights to
extend its use of the Clearing 21 system in advance of any
possible merger with London Clearing House (LCH), it emerged
Clearnet and LCH are currently in intensive merger talks, a
plan which had previously failed but was rekindled by
Euronext's purchase of Liffe.
The news surfaced after Chicago Mercantile Exchange (CME)
announced that Clearnet parent exchange Euronext had agreed to
foot half of CME's $15m settlement with Espeed, owner of the
controversial Wagner patent.
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