Vendors Refrain From Signing CBOT Contract

EXCHANGES

More than a month after the Chicago Board of Trade's new market data vendor agreement took effect, many distributors of the exchange's price information had not yet signed the contract. Vendors are concerned about provisions that they believe could leave them financially liable and increase their administrative overhead.

The CBOT plans to enact a data feed policy that would give users a financial incentive to establish a controlled data feed environment--where they could provide software-gene

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