CBOT, CME: Web-Based Delivery Services Slash Risk, Speed Trade Settlements
EXCHANGE TECHNOLOGIES
CHICAGO--The Chicago Board of Trade (CBOT), together with its clearing partner-to-be, the Chicago Mercantile Exchange (CME), will release a new Web-based electronic delivery system (EDS), starting later this month.
The EDS platform will speed trade settlement and decrease the risk differential between futures contracts and the underlying cash markets, officials say.
As part of the Common Clearing Link (CCL) initiative between CME and CBOT (TTW, April 28), EDS will launch in two parts. The first
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