Chicago Board of Trade(CBoT) was last week making final
preparations to move its clearing to Chicago Mercantile
Exchange (CME) and roll out its new trading for 11 of its
Bryan Durkin, senior vice president of exchange operations
at CBoT, told FO Week that both the transitions to the
CME-CBoT common clearing link and the Liffe Connect-powered
e-CBoT platform appeared to be going smoothly. Both technology
projects have undergone a compact 12 week testing regimen.
"This is not just the Board of Trade, it's the CME and all
over our 85 clearing firms as well as all the bookkeeping
service providers," Durkin said. "How do they feel? They feel
very good because we tried to be as efficient as possible with
the e-CBoT transition and the common clearing transition. We
used that time to allow people to test both the electronic
platform and simulate in that environment and had those trades
travel through clearing and into the firm's bookkeeping system.
I can go into this saying 100% of our firms are ready."
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