NYSE Euronext, the world’s largest stock exchange by revenues, unveiled a plans to push into over-the-counter derivatives (OTC) clearing, putting it head-to-head with CME Group, owner of the world’s biggest futures exchange.

The group also told investors it was looking at clearing OTC equity derivatives as, like rival exchanges, it looks to carve carve out business beyond its traditional business of cash equities. “There are ongoing consultations with market participants to validate assumptions,” Garry Jones, the group’s head of global derivatives, said. “The solutions will link up to existing widely used OTC infrastructure and will leverage our planned purpose-built clearing-house.”NYSE Euronext’s interest in clearing for the equity derivatives market, which Mr Jones estimated had a notional outstanding value of $6,6000bn, comes as regulators in Washington and Brussels push more clearing of OTC products to improve transparency in market structures.

For exchanges, getting paid a fee every time a derivative contract is cleared is an attractive source of revenues. Exchanges such as CME Group, Intercontinental Exchange and Deutsche Börse have joined LCH.Clearnet, the London-based clearing house, in pushing into the emerging market.

Dominique Cerutti, president and deputy chief executive, also told investors that it would probably make acquisitions to meet its target of reaching $1bn in technology revenues by 2015. In the year to date, it has made $330m of revenues, NYSE added.