The Depository Trust & Clearing Corporation (DTCC) and LCH.Clearnet Group last month announced that they would merge to create the world's largest clearing house. The deal valued LCH.Clearnet at €739 million, equating to €10 per share. The tie-up is expected to result in significant efficiency gains and technology savings, and means the US and Europe will be supported by a common clearing infrastructure for the first time. The companies expect to close the deal by March 15, 2009.
IBM’s Kathryn Guarini and Bob Sutor look at how banks are currently experimenting with quantum computers.Subscribe to Weekly Wrap emails
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