LONDON: The London Clearing House (LCH) and Euronext.liffe’s 80%-owned Clearnet announced yesterday they would merge to create Europe’s dominant securities clearing house to make cross-border trading cheaper and more efficient.
“We are convinced that together Clearnet and LCH as part of LCH.Clearnet will be stronger and more dynamic and responsive to the customer,” said Euronext chief executive officer Jean-Francois Theodore.
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