26 Nov 2003, Solomon Teague, Risk magazine
In addition, Euronext has ceded a seat on the board of LCH Clearnet to the LSE, in order to ensure a greater level of neutrality of the board at the clearing house.
The merger of the LCH with Clearnet had provided the stimulus for new contract negotiations. Clara Furse, chief executive officer of the LSE, said the merger had changed the landscape into one of for-profit central counterparties. “We are grateful for the support of our customers that enabled us to achieve substantially improved terms for them and for the exchange,” she said.