UPDATE 1-Swiss expect deal with EU over clearing house

April 24, 2015 3:27 PM

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RIGA/LONDON, April 24 (Reuters) - The European Union is expected to give a green light for the Swiss securities clearing house to keep handling trades involving parties based in the EU, a senior Swiss markets official said.

Clearing houses, vital parts of the electronic plumbing which helps markets run, stand between two sides of a trade to guarantee its completion even if one side goes bust.

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