Speculation has been circling around a
possible tie-up between Eurex and BrokerTec Futures Exchange
for months now, but the value of the deal has not been fully
explored. Most commentators have concentrated on BTEx's US
exchange designation, assuming it to be the now defunct
exchange's only value to Eurex. True, Eurex will have little
use for the trading system or clearinghouse, having already
sorted its own arrangements on those fronts, and any residual
trading volume has now formally been removed.
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