CBOT shareholders voted earlier this month (RiskNews, June 23) to go ahead with a share issue, possibly involving an IPO that could raise up to $150 million in the second half of this year. The company said at the time that this could lead to a merger.
While the CBOT has not identified the proposed merger partners, speculation centres around the Chicago Mercantile Exchange (CME). The two exchanges already collaborate - since the signing of an agreement last year the CME has cleared CBOT's trades as well as its own.
The week on Risk.net, July 7-13, 2018Receive this by email