CBOT® Chairman Nickolas J. Neubauer said, "Our new pricing strategy will help drive value creation for the entire CBOT®. This strategy will encourage greater market liquidity and efficiency, better represent the diversity of our various user groups, provide greater flexibility to respond to competitive pressures, and ensures that member preference is strengthened at the Chicago Board of Trade. It also will enhance exchange membership prices and trading opportunities available in our open auction and electronic markets."
The new pricing strategy, which will be implemented in January 2002, creates four distinct "user" types for exchange fee purposes, establishes volume discounts for all user groups, and provides refinements to the CBOT®'s existing screen-based pricing.
For more information on the CBOT®'s products and markets, log onto the exchange web site at www.cbot.com.
