TCC: yes to Eurex

Shareholders of The Clearing Corporation (TCC) have voted "overwhelmingly" in favour of the clearing organisation's corporate restructuring, despite strong campaigning against the move by certain sectors of the Chicago futures community and a last minute threat to stall the vote on legal grounds.

Following the vote, TCC will proceed with its restructuring with Eurex taking a 15% stake in the clearing corporation and a seat on the board, with the remaining 85% going to existing shareholders who will occupy the other...