CBoT fires latest rounds in exercise rights battle

Chicago Board of Trade (CBoT) has filed a brief in support of its motion for partial summary judgment against Chicago Board Options Exchange (CBOE) in the ongoing dispute over exercise rights.

CBoT filed a comment letter with Securities and Exchange Commission (SEC) opposing CBOE's proposed rule change that would eliminate CBoT exercise rights. Exercise rights allow CBoT members to trade on either CBoT or CBOE which has provoked a long-standing argument between the exchanges. CBOE is attempting to demutualise and go public over the next year but the filing...