Chicago Board of Trade is looking to establish an exclusive contract with Board of Trade Clearing Corporation (BoTCC) that would prevent them from clearing potential or existing competitors to the Chicago exchange, senior industry sources at last week's futures conference in Boca Raton have told FO Week.
The sources suggested that, with Eurex still looking at its options for launching a US exchange, CBoT could be vulnerable if an acquisition by Eurex, for example of BrokerTec Futures Exchange (BTEx), provided it with access to BoTCC's services. While Eurex has yet to make a decision on which route it is likely to take in the US (see...