Derivatives exchange of the year - Chicago Board of Trade

Technology, partnerships and fee structures have been overhauled to cope with new competitive challenges

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The battle between the world’s leading derivatives exchanges has played out like a soap opera in the past year. But amid the courtroom drama, bitter break-ups and burgeoning partnerships, the Chicago Board of Trade (CBOT) distinguished itself by beginning to build a solid foundation to ensure its longevity and prosperity. “Against a backdrop of scepticism and unprecedented pressure, the [CBOT] exchange simultaneously launched a new trading platform and common clearing link, and a host of other

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