LCH in Merger Talks with DTCC

The FT reports this morning that the Depository Trust and Clearing Corporation and LCH.Clearnet have held talks about a possible merger that would create the first post-trade services group straddling the Atlantic.

The article states that a merger with LCH.Clearnet - likely to be structured as a takeover by the DTCC - would create by far the largest clearing and settlement group in Europe. The FT also points out that the talks, which have been under way intermittently during the past nine months, were by no means likely to result in a deal.