LSE says not in talks with LCH.Clearnet (Reuters)

Sunday, May 29, 2011 5:01 AM By dwi

LONDON (Reuters) – The author Stock Exchange (LSE.L) said it is not in talks with LCH.Clearnet, mass reflection that it had been digit of a sort of exchanges that had made a effort for the dweller clearinghouse.

In a brief statement on Sunday, the LSE - the someone of the author bourse - said: "The author Stock Exchange Group (LSEG) notes the recent advise reflection regarding it and LCH.Clearnet Group.

"LSEG confirms that it is not geared in whatever discussions with LCH regarding a doable transaction."

On Saturday, LCH.Clearnet addicted it had conventional "various proposals" from mercantilism operators fascinated in whatever form of business tie-up [ID:nLDE74R065].

A maker old with the matter told Reuters on weekday that NYSE Euronext (NYX.N), Nasdaq OMX Group (NDAQ.O) and the LSE had made offers for the clearinghouse, with the Financial Times putting the LSE effort value at 1 1000000000 euros ($1.43 billion).

The exchanges are in the midst of a gesture of consolidation, with the LSE having agreed a $3 1000000000 effort to acquire river peer TMX Group (X.TO).

Clearinghouses defence between parties to a change to indorse obligations if there is a default.

($1=.6982 Euro)

(Reporting by Rosalba O'Brien; Editing by Jon Loades-Carter)


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