Financial Times FT.com

CBOT 'Rubik cube' nearer to a solution

By Jeremy Grant

Published: April 6 2005 03:00 | Last updated: April 6 2005 03:00

When the Chicago Board of Trade's members vote next week on whether to turn the 157-year old exchange intoa for-profit company, it will bring to an end a complicated process that chairman Charlie Carey recently likened to "solving Rubik's cube".

The plan was repeatedly tangled up in legal action involving two classes of members.

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