Chicago Board of Trade (CBoT) began 2004 by completing its
migration to new trading and clearing platforms with hardly a
Futures Commission Merchant (FCM) executives said they
experienced relatively few problems with either the final
changeover from Ace to e-CBoT, which runs on the Liffe Connect
platform, or CBoT's migration of positions from The Clearing
Corporation to the common clearing link with Chicago Mercantile
Exchange (CME). Both programmes began implementation last
November, but the major CBoT contracts, including interest rate
futures, were transferred onto e-CBoT and the clearing link on
2 January. With the new volume from CBoT, CME Clearing House is
now the largest clearinghouse in the world.
Bob Ray, CBoT senior vice president, told FO Week
that both the electronic and clearing platforms are performing
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