Eurex's US plans see Chicago players line up for battle

Monday 28 July 2003 at 16:00

With six months to go before Eurex's planned move into the US, Chicago's derivatives players are closing ranks and taking sides ahead of the exchange battle.

In May, the Swiss-German exchange signed a clearing agreement with the Board of Trade Clearing Corporation (BOTCC), which will enable the corporation to act as a local clearing partner, processing transactions in Eurex's new US marketplace.