CBot mulls OTC clearing
15 Sep 2003
Chicago Board of Trade (CBoT) may move into OTC clearing, following the receipt of designated clearing organisation (DCO) status from Commodity Futures Trading Commission (CFTC).
In an interview with FO Week, CBoT president and ceo Bernie Dan confirmed that the exchange did not require DCO status for its clearing linkage with Chicago Mercantile Exchange (CME), but that the designation could be used to enable CBoT to clear products "that...
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