LSE strikes deal to buy majority stake in LCH.Clearnet

London Stock Exchange Group has agreed to a €536 million acquisition of a majority stake in trans-Atlantic clearinghouse LCH.Clearnet Group. "We will promote greater innovation, choice and competition in the risk-management industry, especially in listed derivatives," LSE CEO Xavier Rolet said. Nasdaq OMX Group also has increased its stake in LCH.Clearnet, and Nasdaq CEO Robert Greifeld will join the clearinghouse's board.

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