Chicago Stock Exchange Moves to Demutualize
EXCHANGE TECHNOLOGIES
CHICAGO—The 24-member board of 120-year-old Chicago Stock Exchange (CHX) voted unanimously Thursday in favor of presenting a demutualization plan to CHX members.
A CHX member vote on the plan is set for October. Any decision by the CHX’s members to demutualize could not take effect until approved by the U.S. Securities and Exchange Commission (SEC).
With demutualization, the CHX will change its organizational structure from a not-for-profit, non-stock corporation owned by its members to a wholly
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