LIFFE, LCH.CLEARNET TO ESTABLISH NEW CENTRAL COUNTERPARTY

Posted March 25, 2008

NEW YORK – LIFFE, the international derivatives market owned by NYSE Euronext, has announced plans to negotiate a new contract with LCH.Clearnet Group Ltd. to manage its London clearing operations directly, through a new central counterparty to be called LiffeClear.

LCH.Clearnet will continue to provide risk management and guarantee functions for LIFFE, allowing LIFFE to better compete with other futures exchanges that own their clearinghouses.

“The direct relationship that LiffeClear will give us with our clearing customers will enable us to invest in additional post-trade services,” says Hugh Freedberg, Group Executive Vice President and Head of Global Derivatives at NYSE Euronext. “We are looking forward to concluding our negotiations of a new mutually beneficial relationship with LCH.Clearnet.”