DTCC postpones LCH deal

- Marcus Jones
- 06 Apr 2009

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LONDON & NEW YORK - The Depository Trust & Clearing Corporation (DTCC) has missed its latest self-imposed deadline relating to the proposed takeover of clearing house LCH.Clearnet.

The New York-based post-trade clearing and settlement house told FX Week last month that it hoped to finalise details surrounding its €739 million acquisition by March 31 (FX Week, March 23). The DTCC had originally set down a marker for March 15 (FX Week, February 16) but now says it will refrain from projecting a

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