LCH.Clearnet Enters Talks to Buy Nasdaq Swaps Clearinghouse

LCH.Clearnet Group Ltd. entered discussions to buy Nasdaq OMX Group Inc.’s International Derivatives Clearing Group LLC as the world’s largest interest-rate swaps clearinghouse seeks to expand in the U.S.

The companies have signed a non-binding agreement, London-based LCH said today in a statement. New York-based Nasdaq will become a shareholder in LCH.Clearnet, joining London Stock Exchange Group Plc, after the deal is completed, according to the statement. No financial terms were released.