CBOT Membership Approves Changes to Charter and Rules

The Board of Trade of the City of Chicago, Inc. (CBOT®) 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.”

Editor’s note: A breakdown of the vote tally will be made available on Thursday, March 9, at 8:00 a.m. (Central Time) at www.cbot.com.

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 www.cbot.com.