The Clearing Corporation to Relocate in 2004
Chicago, July 2, 2004 -- The Clearing Corporation™ ("CCorp") is pleased to announce that it will relocate its headquarters to the AT& T building at 227 West Monroe Street in Chicago later this year. The lease agreement provides CCorp with more modern contiguous office space, effective immediately through March 2009.
“Our new headquarters will provide a more modern setting in a premier Class A building that will serve our current and future business needs at a substantial savings,” said Michael C. Dawley, Clearing Corporation Chairman.
With the new space, CCorp will reduce its rental expense by approximately 60% from its current rental costs.
In February 2004, The Clearing Corporation relocated its Data Center to Equinix’s Chicago Internet Business Exchange ™ (IBX®) state-of-the-art facility. In doing so, CCorp benefits from Equinix’s highly secure, hardened environment that provides connectivity to multiple telecommunications vendors. “Coupled with the Data Center relocation earlier this year, our headquarters move is the next step for us to better position The Clearing Corporation for our new technology and business initiatives,” said Brett Paulson, EVP and CIO.
About the Clearing Corporation
The Clearing Corporation, a stockholder-owned, Delaware corporation now in its 79th year of business, is the only active independent futures clearinghouse in the world. Additional information on The Clearing Corporation is available at www.clearingcorp.com.
Contact: Andrew Yemma, Intermarket Communications, 212-888-6115, ext. 225 |
Printer
Friendly Version