The Chicago Board Options Exchange is set to complete its long journey toward demutualisation this year, said Bill Brodsky, its chairman and CEO.
CBOE expects that in the next few weeks a Delaware judge will finally settle its legal battle with members of the former Chicago Board of Trade over exercise rights, after a hearing in December appeared to end the dispute.
Since August 2006 the member-owned options exchange has been locked in a class action battle that has prevented it from demutualising. The CBoT members had sued CBOE for trying to...