
Clearstream prepares for takoever
Industry observers are saying the invitation to both groups is an attempt by Andre Roelants, Clearstream chief executive, to establish the clearing house’s future after a turbulent few months.
Former chief executive Andre Lussi was forced to step down in May after allegations of money laundering, but in July, Luxembourg public prosecutor Carlos Zeyen said he could find no evidence to support the allegations made by two French journalists in their book, Revelation$.
The news comes at a time of major consolidation in Europe’s trading sector. Germany's two electricity exchanges, the European Energy Exchange and the Leipzig Power Exchange, will merge by the start of next year. Meanwhile, the board of the London International Financial Futures and Options Exchange (Liffe) has unanimously voted to recommend a £555 million ($806 million) cash takeover bid by pan-European exchange operator Euronext to its shareholders.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Exchanges
Risk management
FCMs to let clients offset swaps and futures margin at Eurex
Banks target Q2 support for client cross-margining following lengthy lobby effort from hedge funds
Receive this by email