NYSE Euronext to Consolidate Derivatives Clearing in London

NYSE Euronext plans to spend $85 million moving clearing for London derivatives trades to its own clearinghouse, while retaining the services of LCH.Clearnet Group Ltd. for cash equities transactions.

NYSE Liffe Clearing, a central counterparty to all trades on the London-based Liffe futures market, will be operational by the summer of 2013, the exchange said in a statement today. it will shift clearing for derivatives traded in Amsterdam, Brussels, Lisbon and Paris to the U.K. capital in the first quarter of 2014. The company previously said it would build two clearinghouses: one in London and one in Paris.