(Adds detail, background)
LONDON May 29 The London Stock Exchange (LSE.L)
said it is not in talks with LCH.Clearnet, following speculation
that it had been one of a number of exchanges that had made a
bid for the European clearinghouse.
In a short statement on Sunday, the LSE - the owner of the
London bourse - said: "The London Stock Exchange Group (LSEG)
notes the recent press speculation regarding it and LCH.Clearnet
"LSEG confirms that it is not engaged in any discussions
with LCH regarding a possible transaction."
On Saturday, LCH.Clearnet confirmed it had received "various
proposals" from exchange operators interested in some form of
business tie-up [ID:nLDE74R065].
A source familiar with the matter told Reuters on Friday
that NYSE Euronext NYX.N, Nasdaq OMX Group (NDAQ.O) and the
LSE had made offers for the clearinghouse, with the Financial
Times putting the LSE bid value at 1 billion euros ($1.43
The exchanges are in the midst of a wave of consolidation,
with the LSE having agreed a $3 billion bid to buy Canadian peer
TMX Group (X.TO).
Clearinghouses stand between parties to a trade to guarantee
obligations if there is a default.
(Reporting by Rosalba O'Brien; Editing by Jon Loades-Carter)