The Chicago Board of Trade (CBOT) has filed a motion to dismiss a Eurex lawsuit, which alleged the CBOT and the Chicago Mercantile Exchange had violated the US Sherman Antitrust Act.The original lawsuit, details of which were covered in RiskNews' sister publication Trading Technology Week on October 20, specifically claimed shareholders of The Clearing Corp (TCC) were offered money to vote against a reorganisation sought by Eurex. This reorganisation would have facilitated a greater cooperation and degree of control of the TCC by Eurex.
CBOT’s filing claims that Eurex has failed to state an adequate cause or provide factual support for its allegations.
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