NYSE Euronext gets go ahead for derivatives clearing house

NYSE EURONEXT has received approval from the FSA to launch NYSE Liffe Clearing, a clearing house for its London derivatives market.<br /><br />NYSE Liffe Clearing is due to launch on 27 July, subject to a period of review, as a new division of NYSE Liffe.<br /><br />&ldquo;The new clearing arrangements will enable us for the first time to forge a direct clearing relationship with our London market customers while continuing to build on our long-standing relationship with LCH.Clearnet,&rdquo; said Garry Jones, group executive vice president and head of global derivatives.<br /><br />Under the NYSE Liffe Clearing arrangements, LIFFE will continue to outsource the existing clearing arrangements and related risk functions to LCH.Clearnet.