Euronext renews with LCH’s CCP for derivatives clearing, terminates ICE

Euronext is to renew its agreement for derivatives clearing with LCH’s CCP and become a minority shareholder. At the same time, the pan-European exchange announced it is terminating its derivatives clearing agreement with Intercontinental Exchange.

The agreement covers the clearing of financial derivatives and commodity derivatives for a period of 10 years. Its long term nature will provide continuity of clearing services for members, and save the cost and disruption associated with a migration at a time where client bandwidth is stretched due to MiFID II implementation and Brexit planning.

Read the full release


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