NYSE Euronext to sell stake in MCX
The takeover of NYSE Euronext, which operates European futures exchange Liffe, by energy market ICE will create a powerful derivatives exchange and clearing house group. NYSE Euronext CFO Michael Geltzeiler said the MCX stake sale is in addition to the previously flagged unwinding of the BlueNext carbon-trading exchange, which was built in partnership with France's Caisse des Depots et Consignations. The group is moving its clearing business to ICE's in-house clearer ICE Clear as part of the $8.2 billion takeover deal announced in December.
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