Dennis Dutterer is seen as the gutsy player who stood up against the bullying tactics of the Chicago Board of Trade (CBOT) and helped forge a new era of US futures competition in which Eurex US began trading last month. "I don't mind that," chuckles Mr Dutterer, president and CEO of The Clearing Corporation (CCorp) - formerly the Board of Trade Clearing Corporation (BOTCC). But the fact is, he says, there was nothing daring about his move to agree to clear trades for Chicago-based Eurex US in the face of hostile opposition from the CBOT. Mr Dutterer's modesty aside, key decisions made by him and the board of directors have helped shape two major changes that have altered the competitive landscape of the US futures industry: the historic CBOT-Chicago Mercantile Exchange (CME) common clearing link was created, which now runs all trades from the CBOT through CME clearing; and the BOTCC becoming the clearing house for Eurex US, which serves as a major component of the Eurex challenge to the CBOT.
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