Chicago Board of Trade (CBoT) launched its own credit derivative futures on 25 June following the introduction of rival contracts by Eurex and Chicago Mercantile Exchange (CME). CBoT hopes its contract succeeds where Eurex’s and CME’s equivalents have failed in gaining volume, amid accusations that many large banks are boycotting the contract in order to protect their OTC margins (see FO Week 05/04/2007).CBoT’s...