European clearinghouse LCH.Clearnet confirmed market talk that it wants to enter the market and service alternative trading platforms.
The confirmation comes a day after Chi-X said that it signed a five-year deal deal to clear and settle its trades in ASX-listed securities through ASX. Because LCH.Clearnet would have needed to win a license from the government, Chi-X had little option but to choose ASX’s service. The agreement with ASX allowed Chi-X to enter Australia this year.
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