Nasdaq OMX bids for stake in LCH. Clearnet

New York-based exchange operator Nasdaq OMX confirmed on Friday it is bidding for a minority stake in leading Anglo-French swaps clearing house LCH.Clearnet.

The bid forms part of Nasdaq’s strategy to expand beyond the US, the company said.
Nasdaq CEO Robert Greinfeld spoke to journalists at the Federation of European Securities Exchanges conference in Athens, saying: “We are bidding for a minority stake in LCH.Clearnet. We hope the bid will be a success since we certainly see an opportunity for a horizontal clearing house in Europe.”

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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