NYSE Euronext (NYX) said Thursday that London-based clearing firm LCH.Clearnet Group Ltd. has agreed to continue the clearing of trades for NYSE Euronext's (NYX) European equities and derivatives markets until 2013.

These clearing arrangements were initially set to end in November 2012. The extension means that clearing for derivatives will continue until June 2013 and the clearing for cash equities will continue until December 2013.

The move will give both parties the time needed for their own strategic plans "to crystallize, while providing operational stability and continued service to our customers in the meantime," NYSE Euronext Chief Executive Officer Duncan Niederauer said.

LCH.Clearnet CEO Ian Axe said: "We look forward to continuing to support NYSE Euronext, as we have for many years, and to providing them with our world class service. In parallel, we are working with them on a longer term plan regarding cash equities' clearing arrangements."

NYSE Euronext is finalizing its planned merger with Germany's Deutsche Boerse AG (DB1.XE).

And last month, LCH.Clearnet said it has received "various proposals indicating an interest in pursuing some form of possible business combination or other cooperation."

It said talks are still at a preliminary stage and there can be no certainty that they will result in any transaction.

Recent media reports have speculated that NYSE Euronext, Nasdaq OMX Group Inc. (NDAQ) and the London Stock Exchange Group PLC (LSE.LN) have submitted bids, though the LSE denied it was in talks with LCH.Clearnet.

Two weeks ago, Niederauer confirmed his company had joined with market data firm Markit Group Ltd. in a proposal to buy LCH.Clearnet.

NYSE Euronext's progressing merger with Deutsche Boerse is not seen as being affected by any deal for LCH.Clearnet, Niederauer told reporters last week at the Sandler O'Neill Global Exchange and Brokerage Conference in New York.

A clearing house sits in the middle of a trade, assuming the counterparty risk involved when two parties trade.

- By Vladimir Guevarra, Dow Jones Newswires. Tel. +44 (0) 2078429486, vladimir.guevarra@dowjones.com

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