CBOT Membership Approves Changes to Charter and Rules
March 08 2006 - 5:24PM
PR Newswire (US)
CHICAGO, March 8 /PRNewswire-FirstCall/ -- The Board of Trade of
the City of Chicago, Inc. (CBOT(R)) announced that holders of its
Series B-1 (Full) and Series B-2 (Associate) memberships of the
CBOT voted in favor of changes to the CBOT's certificate of
incorporation and rules to eliminate the member approval
requirement for electronic trading of agricultural products during
the day. Approximately 86% of the total votes cast of the Series
B-1 (Full) and Series B-2 (Associate) memberships were in favor of
the changes. The membership approval gives the CBOT Board of
Directors the ability to determine the best time and venue for
trading agricultural contracts and products. CBOT Chairman Charles
P. Carey said, "On behalf of the CBOT Board of Directors, we
appreciate the members' strong support for these changes. This vote
of confidence gives the Exchange the ability to quickly respond to
changing customer needs, to maximize liquidity and further enhance
our competitive position." About the CBOT -- As one of the leading
global derivative exchanges, the Chicago Board of Trade provides a
diverse mix of financial, equity, and commodity futures and
options-on-futures products. Building on its 157-year history, the
CBOT continues to advance into the future using the strength of
deep liquidity, market integrity and member-trader expertise. Using
superior trading technology in both electronic and open-auction
trading platforms, the CBOT provides premier customer service to
risk managers and investors worldwide. For more information, please
visit our web site at http://www.cbot.com/ . DATASOURCE: Chicago
Board of Trade CONTACT: Maria C. Gemskie of CBOT, +1-312-435-3620,
Web site: http://www.cbot.com/
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