Euronext and LCH sign deal for clearing services

By GlobalCapital
01 Nov 2017

Euronext has finalised a collaboration agreement with LCH, which will continue to provide derivative and clearing services to the exchange for the next 10 years.

Under the agreement, Euronext will swap its 2.3% stake in LCH Group for an 11.1% holding in LCH SA, which will give the exchange a $28m gain.

The deal was announced in August, after the proposed merger between London Stock Exchange Group (LSE) and Deutsche Börse was cancelled ...

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