Dan eyes CBoT transformation

Chicago Board of Trade (CBoT) could transform itself into a European-style multi-asset class exchange following demutualisation early next year, exchange president and ceo Bernie Dan said last week.

CBoT re-submitted its S-4 filing with Securities and Exchange Commission at the end of June, which Dan said would pave the way for a member vote on demutualisation in December. If the vote is passed,...