Euronext Takes Stake in LCH’s French Clearinghouse
European exchange group Euronext has signed a deal for clearing services with LCH, scuppering a previous agreement with ICE
Pan-European exchange operator Euronext has signed a ten-year deal with LCH SA, majority owned by the London Stock Exchange Group (LSEG), which will see the central counterparty (CCP) provide clearing services for listed financial and commodity derivatives. As part of the deal, Euronext will exchange its existing 2.3 percent stake in the wider LCH Group for 11.1 percent of the Paris-based SA business.
“This is essentially an agreement to renew the contract with LCH,” says Lee Hodgkinson, CEO of
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