Euronext and LCH cement clearing agreement
LCH has agreed a 10 year contract for the continued provision of derivative and commodity clearing services to Euronext. Under the terms of the arrangement, Euronext swaps its 2.3% stake in LCH Group for an 11.1% holding in LCH SA, the French clearing house. The agreement should also lead to reduced clearing fees for derivatives trading.
The agreement will be finalised and signed in the final quarter of 2017, with Euronext using LCH SA for its clearing services and terminating its present arrangement with Intercontinental Exchange (ICE).“Announcing this agreement is a significant achievement for the group and highlights the spirit of strong partnership with ...
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