Clearing Corporation Announces Record Clearing Volume.Business Editors CHICAGO--(BUSINESS WIRE)--March 3, 2003 The Board of Trade Clearing Corporation (the "Clearing Corporation") had a record setting day on Thursday, February 27th with a volume of 7,682,224 clearances. The previous daily record set by the Clearing Corporation, which clears for the Chicago Board of Trade Chicago Board of Trade (CBOT) The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. and other marketplaces, came on August 14, 2002 with a volume of 7,376,320. "The intense volume of clearance transactions was handled smoothly by our personnel, technology and supporting systems," said Dennis Dutterer, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Clearing Corporation. "We are pleased how the Clearing Corporation was able to serve our member community during this record-breaking day." About the Clearing Corporation The Board of Trade Clearing Corporation, a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. now in its 78th year of business, maintains a Standard & Poor's AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. rating and approximately $200 million in capital. The company is owned by its clearing member stockholders and is the only active independent futures clearinghouse clearinghouse Institution established by firms engaged in similar activities to enable them to offset transactions with one another in order to limit payment settlements to net balances. in the world. Additional information on the Clearing Corporation is available at www.clearingcorporation.com. |
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