LCH.Clearnet

The company LCH.Clearnet is one of Europe's largest clearing houses, which also acts as a central counterparty ( CCP).

Background

LCH.Clearnet is among 73.3 % different customers, to 10.9% different exchanges and 15.8 % of the Euro Clear.

In May 2009, LCH.Clearnet announced during the year also provide clearing services for the multilateral trading system Chi -X Europe, Bats Trading Europe, Turquoise and NYSE Arca Europe to offer.

History

The LCH.Clearnet Group is formed 2003 by merger of the London Clearing House and Clearnet SA of.

In May 2009 it was announced that a consortium consisting of the broker ICAP and 10 investment banks ( Barclays, Citigroup, German Bank, HSBC, JPMorgan Chase & Co., Nomura Holdings, Morgan Stanley, Royal Bank of Scotland, Societe Generale and UBS) tries LCH. Clearnet to take over for around 813 million euros.

Takeover by the London Stock Exchange

On 27 September 2011, the London Stock Exchange confirmed that one exclusive talks for the purpose of a transaction leads to the LCH.Clearnet by the LSE. The negotiations are still ongoing. On March 9, 2012 London Stock Exchange announced that it has reached agreement with the LCH.Clearnet on a takeover deal. Accordingly, the LSE is planning a share of at least 51%, to purchase up to a maximum of 60 %. The purchase price is 463 million euros.