Dispute among futures exchanges is about to intensify

10/29/2009 | Financial Times (tiered subscription model)

NYSE Euronext and Depository Trust & Clearing have agreed to jointly develop a clearinghouse for cash Treasuries and Treasury futures. ELX, a fledgling exchange backed by some of the largest names on Wall Street, has attacked the venture as being anti-competitive because it will likely prevent ELX from striking a similar deal with DTCC. The new futures exchanges are trying to break the near-monopoly on Treasury futures held by CME Group.

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