Prebon, Liberty Team To Buy Minority Stake In CBOT Brokerage
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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 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
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