An attorney for a large FCM told FO Week that Eurex
could indeed have a case against the Chicago exchanges.
"It's very difficult to prevail in any kind of anti-trust
action, but my own gut feeling is their claims here are not
that unsympathetic," the source said. "And it's a shame that
members' fees are being utilised to subvert competition and
fight a lawsuit. I can see member fees being used to better
their electronic trading systems and lower member fees."
At issue is whether the Chicago exchanges used a
monopolistic position to prevent Eurex from competing in the
US. Eurex's claims that CBoT and CME overstepped its boundaries
when it offered compensation. CBoT and CME officials say the
offer is simply an alternative for TCC members in case the
proposal does not pass.
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