Eurex and Board of Trade Clearing Corporation (BoTCC) were
putting the finishing touches to a deal as FO Week
went to press.
Sources close to BoTCC said that an agreement was struck
early last week and would be completed by last Friday, 23 May.
The long-anticipated agreement would entail BoTCC clearing
Eurex's US futures business once the German exchange
establishes a market next year. Details were unavailable at
One provision discussed during the negotiation stage stated
that BoTCC would also clear trades currently originating from
the US on existing Eurex contracts such as Bunds or equity
index futures. While it is not clear if this additional
clearing is part of the final agreement, such a move would help
bolster a drop in trade volume once Chicago Board of Trade
(CBoT) contracts are rerouted through the Chicago Mercantile
Exchange clearing house starting next January.
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