Cash burn causes shareholder concern
Some shareholders in The Clearing Corporation (TCC) are
beginning to wonder if the clearinghouse is entering dangerous
financial waters, as it continues to await regulatory approval
of the clearing link with Eurex Clearing.
Shareholders are awaiting TCC's second quarter earnings
report, which some expect to reveal losses of $10m or
Sources said TCC has been haemorrhaging cash since Chicago
Board of Trade (CBoT) moved its clearing to Chicago Mercantile
Exchange (CME)'s clearinghouse. In its place, TCC is clearing
significantly lower volumes from Eurex US.
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