Chicago Board Options Exchange (CBOE) member Marshall
Spiegel was last week once again attempting to derail the
exchange's plan to buy back Chicago Board of Trade (CBoT)
member exercise rights, even as the modified Dutch Auction for
the rights began on 16 April.
Spiegel said in a letter to CBOE's board of directors that
CBoT's demutualisation has effectively made those exercise
rights null and void and has asked CBOE to stop the
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