LSE in three-way LCH bidding war

London: London Stock Exchange Group Plc is holding talks with LCH Clearnet Group Ltd to buy all or part of the world’s biggest clearinghouse for swaps, as increased global regulation of derivatives makes the business more profitable.

LSE’s approach to the company creates a three- way bidding war, challenging a similar move by Markit Group Ltd and Nasdaq OMX Group Inc.

LSE said in a statement on the Regulatory News Service that talks were at an early stage. It gave no details on price or the size of stake sought.