Speaking at a press lunch during Futures Industry
Association's annual conference in Chicago, Eurex CEO Rudi
Ferscha told journalists that the exchange was writing off its
investment in technology to facilitate fungibility of contracts
across its global clearing link.
Ferscha said the €6m investment made in the software
development had been written off in Eurex's financial results
and that the fungibility functionality would be superceded by
the extension to trading hours due on 21 November (see FO
Week Vol 10 No 26).
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