The Chicago Board of Trade (CBOT), the US futures and options exchange, has successfully shifted its Treasury derivatives contracts to a new clearing house in anticipation of the arrival of Eurex, its European counterpart, on US soil.
The CBOT has moved its clearing business to the Chicago Mercantile Exchange's (CME) clearing house after being forced to withdraw its business from the Board of Trade Clearing Corporation once it became clear that that clearing agency would ally with the US arm of Eurex.