On November 30, 2012, CME Group acquired the Kansas City Board of Trade and the KCBOT Clearing Corporation. For more information please see:
CME plans to integrate clearing processing for KCBOT on Monday, April 15, 2013, pending regulatory approval. We are aiming for this early date because clearing firms are eager to achieve the operational efficiencies which will come with clearing integration. Note that prior to that date, there will be minimal operational changes, and all existing KCBOT clearing processing will continue in the current KCBOT systems without modification.
So Friday April 12, 2013, will be the last day in which clearing processing for KCBOT occurs in the KCBOT systems. On Saturday morning April 13, the ending KCBOT positions as of Friday will be loaded into the CME clearing system, and beginning on Sunday evening April 14, clearing processing will be done in the CME clearing system.
We are planning the transition in a manner which we believe will result in absolutely minimal impact to clearing firms and bookkeeping systems.
For more information, please contact CME Clearing at 312-207-2525.
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