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US is racing certainty to win clearing stakes

European contenders are running with a handicap and look like rank outsiders

Trying to back the eventual winner – or winners – from the strong field entered for the over-the-counter clearing stakes is no easy task. The runners and riders assembled in the paddock are all capable of running well and could finish in the money.

The established exchanges, including Chicago Mercantile Exchange, Eurex and Liffe, have the breeding and form to go all the way. They have history, size, scale and credibility on their side.

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