Financial Times FT.com

CBOE on course to demutualise

By Hal Weitzman in Chicago

Published: December 1 2009 05:56 | Last updated: December 1 2009 14:11

The Chicago Board Options Exchange, the US’s primary options-trading venue and one of the world’s last big member-owned financial exchanges, has struck a deal to remove “within days or weeks” the last hurdle to demutualisation.

The exchange made the announcement on Monday night after reaching a final settlement of a long-running legal battle with members of the Chicago Board of Trade.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this