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BREAKING NEWS

Euronext, LCH.Clearnet to Part Company

Euronext is expected to sell its 41.5 percent stake in LCH.Clearnet, a London-based clearinghouse, according to U.K. press reports. The pan-European exchange is said to be in talks with LCH.Clearnet for it to buy back the stake estimated to be worth £335 million ($636 million). Euronext would sell its shares to LCH.Clearnet. Once this transaction is completed, the clearinghouse would cancel the shares, allowing its shareholders to have bigger stakes in the

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TMX’s indexing pivot bears first fruit

The acquisition of index provider VettaFi has boosted revenues in the exchange’s analytics division, but further growth could mean taking on the heavyweight data providers like S&P, FTSE Russell, and MSCI.

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