Chicago Board of Trade (CBoT) officials said last week it
was committed to the clearing link with Chicago Mercantile
Exchange (CME), despite still having a bid on the table for
Board of Trade Clearing Corporation (BoTCC).
In a press conference to clarify issues about clearing and
the clearing linkage, Bob Ray, CBoT senior vice president, said
the exchange agreement will continue as planned beginning on 2
January, 2004. The contract runs until 31 January 2008 and can
"This is a definitive agreement and it will be implemented
no later than 2 January," Ray said. "Nothing will alter that.
Nothing will change that."
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