Euronext looks beyond Clearnet with ICE clearing deal

Euronext logo 230x150
By Costas Mourselas
03 Apr 2017

Euronext spurned the London Stock Exchange Group (LSEG) on Monday by completing a preliminary agreement with Intercontinental Exchange (ICE) Clear Netherlands that will provide the European exchange's clearing services in commodity and financial derivatives for the next 10 years.

The signing of the heads of terms document puts pressure on the LSE, which had previously promised to sell its French clearing arm LCH.Clearnet SA to Euronext, following a tie-up with Deutsche Börse. The Amsterdam-based stock exchange has a clearing agreement with Clearnet that lasts until December 31, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.