Send us Feedback

NASDAQ OMX Group (NDAQ)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

NDAQ » Topics » LSEs clearing services arrangements could make it difficult to make alternative arrangements in an efficient manner.

This excerpt taken from the NDAQ 8-K filed Dec 11, 2006.

LSE’s clearing services arrangements could make it difficult to make alternative arrangements in an efficient manner.

Clearing services for securities on the London Stock Exchange’s markets are provided by LCH.Clearnet Ltd, a subsidiary of LCH.Clearnet Group Ltd, which is partly owned by a competitor of the London Stock Exchange. We understand that the London Stock Exchange has in place detailed contractual provisions designed to ensure the fair treatment of the London Stock Exchange and its customers by LCH.Clearnet. We understand that LCH.Clearnet is currently proposing to migrate all the cash equity markets for which it provides clearing services onto a single clearing system. If implemented, we believe that such a migration will make it more difficult for the London Stock Exchange to transition clearing services to other providers in the event that the London Stock Exchange believes such a transition is in its and its customers’ best interests.

 

12

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki