LCH.Clearnet to open New York office as part of U.S. push

LCH.Clearnet, the largest independent clearinghouse in Europe, is preparing for a push into the U.S. clearing industry by opening an office in New York. The development comes as a group of banks, the London Stock Exchange and Icap plan to make an offer for the clearer. Ed Watts, a Goldman Sachs veteran and former board member of the Depository Trust & Clearing Corp., will lead LCH.Clearnet's New York office.

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