The merger of London Clearing House (LCH) and Clearnet looks set to go ahead after International Petroleum Exchange (IPE) finally gave its blessing to the deal last week.
Meanwhile, London Stock Exchange (LSE) said it continued to evaluate its own clearing arrangements, but denied reports that it had already decided to move its business from LCH to Eurex Clearing.
IPE's endorsement means that there is now shareholder support for the deal. It follows weeks of intense negotiation.
IPE chief executive Richard Ward told FO Week that the exchange...