LCH.Clearnet witnessed an 80% decline in pre-tax profit to €32.3 million in 2010. Revenue dropped 39% to €553.6 million, while clearing fees from equities fell by 26.9% to €44.3 million because of tariff reductions implemented in the year. Revenue from clearing over-the-counter derivatives increased over 26% to €21.2 million. In the last 12 months, LCH has suffered the loss of key customers, including NYSE Liffe, the futures unit of NYSE Euronext.
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