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LCH.Clearnet tells EU of monopoly concerns in Stoxx clearing

LCH.Clearnet, the European clearing company, has raised concerns with the European Commission about the potential for monopolistic practises resulting from the purchase by Deutsche Boerse of a controlling stake in STOXX, the stock index provider, according to people familiar with the matter.

LCH.Clearnet is concerned that Deutsche Boerse - the German exchange company that has a majority stake in Eurex, the trading platform, and its subsidiary Eurex Clearing - could make it difficult for LCH.Clearnet to get a license to clear derivatives trades in instruments based on EURO Stoxx indexes in order to leave its own clearing unit with a monopoly, according to the letter from LCH.Clearnet, obtained by Dow Jones Newswires.

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