Ferscha defends lawsuit action

Eurex ceo Rudi Ferscha defended the filing and timing of the lawsuit against CBoT and CME, saying that it had been undertaken in response to CBoT's 8 October letter to clearing firms and with the aim of removing the anti-competitive element from the vote on The Clearing Corporation (TCC)'s restructuring this week.

Ferscha told FO Week he did not think the lawsuit would have an impact on the CFTC's approval process, nor on the vote. On the contrary, the lawsuit was filed because "we want to make sure there is no negative impact on...