Clara Furse, the head of London Stock Exchange (LSE), is the
latest to voice her opinion against the moving trend of UK
exchanges towards a more vertical clearing silo structure.
Despite claims that the increasing move away from LCH Clearnet,
and other such independent clearinghouses, by the likes of
Liffe and ICE Futures will reduce competition in the market LSE
itself is reported to be renegotiating its own terms with LCH
Furses comments come on the back of an increasingly
ongoing debate over the shift by ICE and, more recently Liffe,
into a more vertically styled clearing system.
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