In a move that could pave the way for the electronic trading
of agricultural products during the day, Chicago Board of Trade
(CBoT)'s board of directors has requested a special meeting of
members to approve key rule changes.
According to an exchange statement, the proposed changes
would allow CBoT's board to determine the best time and trading
platform for agricultural products. Currently, CBoT rules
require approval of exchange members before agricultural
products can be listed on the E-CBoT electronic trading
platform during the trading day. CBoT agricultural contracts
currently trade electronically only after the pits are
A special meeting for members was scheduled for 8 March and
would require a majority vote of both the full and associate
members. Full members receive one vote and associate members
are given a sixth of one vote.
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