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NYSE retains LCH for European derivatives

LCH.Clearnet's French business will clear NYSE Euronext’s continental listed derivatives until December 2018

NYSE Euronext has said that it plans to continue using LCH.Clearnet as the clearer for its continental European derivatives markets until 2018, marking another victory for the London Stock Exchange Group-owned provider.

The deal removes uncertainty over NYSE Euronext's continental European clearing operations in the wake of IntercontinentalExchange's $10 billion acquisition of NYSE Euronext, which is set to close next month. Ice has said it plans to sell off NYSE's European exchanges - in Paris, Amsterdam, Brussels and Lisbon - once the deal is completed.

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