LSE still deliberating on possible move to Eurex
The merger of London Clearing House (LCH) and Clearnet looks
set to go ahead after International Petroleum Exchange (IPE)
finally gave its blessing to the deal last week.
Meanwhile, London Stock Exchange (LSE) said it continued to
evaluate its own clearing arrangements, but denied reports that
it had already decided to move its business from LCH to Eurex
IPE's endorsement means that there is now shareholder
support for the deal. It follows weeks of intense
IPE chief executive Richard Ward told FO Week that
the exchange felt it to be appropriate, given the merger's
proposal to move to a for-profit basis, to revisit its
contractual arrangements and put a new clearing services
agreement in place.
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