Thursday, September 01, 2011

The London Stock Exchange has made a bid for a majority stake in Clearnet on Friday.

The bid values Europe's last remaining independent clearing house at about 1 billion euros ($1.4 billion).

IMO: The LSE seem to be in competition with Markit for this clearing house. FYO Markit is the old Lance Uggla firm (Lance Uggla is on Facebook and Twitter).

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