New York Board of Trade (Nybot) has been weighing the possibility of becoming the first exchange to operate as a cooperative structure and has hired investment bank Brown Brothers Harriman to help it determine a new business model.
Nybot president and chief executive Harry Falk told FO Week that it has been considering a move from its current not-for-profit status to a co-op, but exchange officials do not feel pressure to make an immediate change.
"We're doing a lot of soul searching about the future and what we want to be," Falk...