EDX London, the derivatives exchange 76% owned by London Stock Exchange, said it still plans to move its clearing to London Clearing House (LCH), despite LSE's on-going spat with the clearinghouse over the planned merger with Clearnet.
EDX currently clears trades at the clearinghouse operated by OM London Exchange. EDX was formed in partnership with OM, and trades the Scandinavian equity options formerly listed on OMLX.
Nic Stuchfield, EDX managing director said EDX was in "active dialogue" with LCH, which he hopes will lead to clearing being moved by the end of the year. He added, however, that this timescale was looking "extremely tight," and that...