LCH.Clearnet Australia deal

LONDON-based clearing house giant LCH.Clearnet yesterday announced plans to expand into Australia as part of a global expansion.

The business, which is in the process of being bought by London Stock Exchange Group, has seen demand for its services grow since the financial crisis as regulators push for greater use of clearing to ensure trades are completed.

LCH.Clearnet now has permission to clear energy, commodity and environmental derivatives listed on Australia’s FEX Global exchange.