Fri, Aug 22, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Commodities Exchanges, Futures and Options, M&A, Trading Platforms more

Big US and UK clearing houses agree to merge

Posted on 23 October 2008

From Independent : The American securities clearing house Depository Trust & Clearing Corporation (DTCC) and its European rival LCH.Clearnet have agreed to combine to create the world’s biggest clearing house in an effort to cut trading costs.

Under the terms of the deal, expected to close in the second quarter of next year, DTCC will buy LCH for as much as €739m (£583m), or €10 per share, giving LCH shareholders 34 per cent of the combined entity….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 36568 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31