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
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails