NYSE Euronext Outlines European Clearing Strategy

big-ben-london
NYSE Euronext plans to create a derivatives clearing house in London.

NYSE Euronext has outlined its European clearing strategy and implementation plan, including the aggregation of its continental derivatives business with the London derivatives business in the same clearing house.

NYSE plans to leverage its NYSE Liffe derivatives clearing platform to consolidate its European derivatives into a single derivatives clearing house, thereby ending its agreement with LCH.Clearnet.

"Our clients have long asked for a consolidation of clearing arrangements and the strength of our European derivatives business allows us to deliver meaningful benefits for them in the form of capital efficiencies and savings," says Duncan Niederauer, NYSE Euronext CEO. "Formalizing these steps now and communicating them clearly to our customers will allow them to more effectively plan their capital allocation needs and will enhance their operational stability in a highly competitive and fluid environment."

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here