Prebon, Liberty Team To Buy Minority Stake In CBOT Brokerage

VENDOR STRATEGIES

The Chicago Board of Trade has announced that it will sell 49 per cent of its electronic brokerage subsidiary, Chicago Board Brokerage, to interdealer-brokers Prebon Yamane (USA) and Liberty Brokerage Investment. Prebon and Liberty will share the minority stake in CBB under a new joint holding company, Hudson Holdings.

According to a spokesperson for Prebon, the new CBB will operate as a standalone proprietary service. "Initially, we are not going to distribute prices and interactivity over a

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