Chicago Board Options Exchange (CBOE) purchased 68 exercise
rights in its modified Dutch auction for Chicago Board of Trade
The auction, which concluded on 27 May, accepted all tender
offers made. The final number of sellers was considerably
higher than sources had anticipated although it still only
represented about 5% of the 1,402 full CBoT members. All CBoT
members who tendered their exercise right privileges at or
below the clearing price received the same $100,000 price for
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