EDX London, the derivatives exchange 76% owned by London
Stock Exchange, said it still plans to move its clearing to
London Clearing House (LCH), despite LSE's on-going spat with
the clearinghouse over the planned merger with Clearnet.
EDX currently clears trades at the clearinghouse operated by
OM London Exchange. EDX was formed in partnership with OM, and
trades the Scandinavian equity options formerly listed on
Nic Stuchfield, EDX managing director said EDX was in
"active dialogue" with LCH, which he hopes will lead to
clearing being moved by the end of the year. He added, however,
that this timescale was looking "extremely tight," and that the
move may be put back to the new year.
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