The Clearing Corporation (C-Corp) told shareholders last week that it continued to lose money through the third quarter and appealed to them to consider using the Eurex clearing link in order to boost its bottom line in 2005.
In a letter to shareholders obtained by FO Week, C-Corp president and ceo Dennis Dutterer and chairman Mike Dawley said the company reported a net loss of $15.7m in the first three quarters of the year. A full third quarter report was not available. The letter indicated that C-Corp believes it will improve its performance in the coming months. Still, 2003 can only be construed as a terrible year financially for the company.
"Our overall revenues have been limited this year due to the low...