LSE favoured by LCH.Clearnet
27 September 2011 London
Image: Shutterstock
LCH.Clearnet selected the London Stock Exchange's majority bid over Markit, according to the Financial Times.
The deal still needs to be approved by LCH.Clearnet's board and is valued at some €1bn, the FT added.
The takeover comes at a time of increasing competition across Europe in the post-trade services business amid a wave of exchange consolidations and regulatory uncertainty.
The deal still needs to be approved by LCH.Clearnet's board and is valued at some €1bn, the FT added.
The takeover comes at a time of increasing competition across Europe in the post-trade services business amid a wave of exchange consolidations and regulatory uncertainty.
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