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To those of you who follow exchange industry news the court today
dismissed the CBOT's suit against the CBOE for a declaritory judgment on
the right of CBOT members to "exercise" their trading rights which allow
them to trade at CBOE. CBOE had asked for the suit to be dismissed.
This does not clear up the long term question of exercise rights, it
merely seems to demonstrate the court's decision not to intervene at
this point. CBOT's member's rights to trade CBOE have not been impaired
so the court saw no reason to act.
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