In a move that could pave the way for consolidation amongst
North American agricultural exchanges, Kansas City Board of
Trade (KCBT) has announced that it will provide clearing
services to Winnipeg Commodity Exchange (WCE) when the latter
converts to electronic trading.
The two exchanges, together with Minneapolis Grain Exchange,
will also share an electronic trading platform, Liffe Connect,
hosted by Chicago Board of Trade (CBoT). CBoT confirmed that it
is "close to finalising" the deal, which has been expected for
some time (see FO Week Vol 9 No 10).
The move has led some to ponder what value the there is in
maintaining separate exchanges trading similar products
electronically, using the same trading and clearing
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