A privately held Australian investment firm has quickly
become the largest seat holder at Chicago Board of Trade
(CBoT), FO Week has learned.
Caledonia Investments, a privately held passive investment
firm based in Sydney, has purchased almost 40 full and
associate CBoT memberships since December 2003. That makes
Caledonia the largest membership owner at CBoT "by far,"
according to one CBoT member. Caledonia is leasing out its
seats to various firms and is not considered a player on the
exchange in terms of trading volume. How many seats it plans to
buy is unknown. Seat prices have continued to climb, with the
latest asking price for a full CBoT membership at $810,000,
according to CBoT.
CBoT has around 1400 full and 700 associate
The firm's foray into the Chicago market has caught the
attention of many long-time members who have not heard of the
low profile company.
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