Wednesday 27 May 2009 8:00 pm

NYSE Euronext gets go ahead for derivatives clearing house

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NYSE EURONEXT has received approval from the FSA to launch NYSE Liffe Clearing, a clearing house for its London derivatives market.

NYSE Liffe Clearing is due to launch on 27 July, subject to a period of review, as a new division of NYSE Liffe.

“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,” said Garry Jones, group executive vice president and head of global derivatives.

Under the NYSE Liffe Clearing arrangements, LIFFE will continue to outsource the existing clearing arrangements and related risk functions to LCH.Clearnet.