NYSE Euronext's (NYX.N) bid for European clearinghouse LCH.Clearnet would give Markit a majority stake and control of the lucrative over-the-counter swaps business, a source familiar with the plan said on Wednesday. NYSE Euronext would have the option to increase its stake in LCH.Clearnet to 40 percent, from 9 percent now, and it would get control of the Paris-based "Clearnet SA" through which it would clear European share trading, said the source, who was not able to speak on the record.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX fell by 2.53% or $-0.92/share to $35.49. In the past year, the shares have traded as low as $26.42 and as high as $41.60. On average, 5196730 shares of NYX exchange hands on a given day and today's volume is recorded at 3570354.
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