10 years ago
Chicago common clearing not there yetRecent statements by exchange leaders have raised hopes that the momentum towards a deal on common clearing between the Chicago futures is becoming irresistible. However, it is becoming increasingly apparent that hopes of an imminent deal are still somewhat premature. In the past few days, a new stumbling block seems to have emerged over the issue of a proposed study of the Chicago Mercantile’s Clearing 21 system (which is being...