IDBs Take Stake In Chicago Board Brokerage, Plan Electronic Trading
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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 the CBB under a new joint holding company, Hudson Holdings.
According to a spokesperson for Prebon, the new CBB, under minority control of Hudson, will operate as a standalone proprietary service. "Initially, we are not going to
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