BrokerTec Futures Exchange (BTEx) last week continued its
attempts to claw liquidity from Chicago Board of Trade (CBoT),
lobbying regulators over its spread credit dispute and
announcing a lower tick size on its five-year Treasury note
In an ongoing battle with CBoT, BTEx sent Commodity Futures
Trading Commission (CFTC) more information last week regarding
spread credits on interest rate contracts between the two
exchanges. It is an ongoing attempt to persuade the regulator
to force CBoT to allow spread credits. BTEx's request to CBoT
last year was denied by the Chicago exchange.
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