CBOT Approves EJV Deal, But Board Gives Thumbs Down To Non-Member Use Of System


The members of the Chicago Board of Trade have cleared the acquisition from EJV Partners L.P. of its EJV Brokerage Inc. subsidiary and the trading system it operates for U.S. government securities. But in a meeting early last week, a special committee that will govern operation of the system lined up against a proposal to make access to it available to CBOT non-members.

The Board of Trade originally announced plans to buy EJV Brokerage last spring (Trading Systems Technology, March 23).

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