|
PureBytes Links
Trading Reference Links
|
-
Date: Monday, September 13, 1999 10:40 AM
Subject: Fwd: Brennan letter on Eurex
Following is a letter from Chairman Brennan to CBOT members regarding the
CBOT-Eurex alliance:
September 13, 1999
Dear Fellow Member:
I am pleased to report that after two days of discussions in Burgenstock,
Switzerland, with our Eurex counterparts, all parties have agreed that the
CBOT-Eurex alliance will proceed with no material changes to the original
agreement approved by the membership.
The Burgenstock meetings were necessary to resolve some issues in question
that had come to our attention in written correspondence we recently
received from Eurex. These issues have been resolved:
· Control of the alliance remains 50-50 between each exchange.
· Each exchange retains the right to control its own products, pricing and
access.
· Additionally, it was emphasized to our partners that the strategic plan of
the Chicago Board of Trade calls for the operation and growth of both world
class open outcry and electronic markets.
The Alliance is moving forward and I will continue to keep you apprised of
its progress.
Sincerely,
David P. Brennan
Date: Mon, 13 Sep 1999 09:19:00 -0500
From: "Bret Gallaway" <BGAL46@xxxxxxxx>
To: ACAS50@xxxxxxxx,ACOR35@xxxxxxxx, ADIA35@xxxxxxxx, AFUR66@xxxxxxxx,
AGUL35@xxxxxxxx, AHIN74@xxxxxxxx, AJOH83@xxxxxxxx,
AKOZ50@xxxxxxxx, AMAZ76@xxxxxxxx, ANOV55@xxxxxxxx,
APOL74@xxxxxxxx, ARUS55@xxxxxxxx, AWIL85@xxxxxxxx,
AWIT35@xxxxxxxx, AZAG55@xxxxxxxx, BANA82@xxxxxxxx,
BBAG77@xxxxxxxx, BCUL50@xxxxxxxx, BCUT50@xxxxxxxx,
BGAR50@xxxxxxxx, BHIL50@xxxxxxxx, BODO50@xxxxxxxx,
BTOP50@xxxxxxxx, BWOO50@xxxxxxxx, CFIT50@xxxxxxxx,
CFLO35@xxxxxxxx, CGOR76@xxxxxxxx, CHAN66@xxxxxxxx,
CHIN55@xxxxxxxx, CINT85@xxxxxxxx, CJUC35@xxxxxxxx,
CMAR50@xxxxxxxx, CNAR35@xxxxxxxx, CNIC50@xxxxxxxx,
CODO50@xxxxxxxx, CSAM66@xxxxxxxx, CSAN50@xxxxxxxx,
CSHA50@xxxxxxxx, CSHE50@xxxxxxxx, CSTE50@xxxxxxxx,
CTEM50@xxxxxxxx, CWIL50@xxxxxxxx, DACK50@xxxxxxxx,
DBED50@xxxxxxxx, DCOL50@xxxxxxxx, DCOO83@xxxxxxxx,
DDAV66@xxxxxxxx, DDAV83@xxxxxxxx, DEVA55@xxxxxxxx,
DGRO66@xxxxxxxx, DLEH66@xxxxxxxx, DMAR85@xxxxxxxx,
DSEG55@xxxxxxxx, DWOJ50@xxxxxxxx, EGRE83@xxxxxxxx,
EKLE50@xxxxxxxx, EKUN66@xxxxxxxx, ELOP35@xxxxxxxx,
EMAR83@xxxxxxxx, EMEN85@xxxxxxxx, EWAS85@xxxxxxxx,
FCLA36@xxxxxxxx, FHO50@xxxxxxxx, FMAR50@xxxxxxxx,
FRIZ85@xxxxxxxx, FROS66@xxxxxxxx, GGRA50@xxxxxxxx,
GKAR76@xxxxxxxx, GMUE50@xxxxxxxx, GNAB74@xxxxxxxx,
HKRI66@xxxxxxxx, IMEL50@xxxxxxxx, IWIN35@xxxxxxxx,
JBLA35@xxxxxxxx, JBOR50@xxxxxxxx, JBUR74@xxxxxxxx,
JCAM50@xxxxxxxx, JCAW36@xxxxxxxx, JCHR50@xxxxxxxx,
JCOF35@xxxxxxxx, JCOL35@xxxxxxxx, JDAV83@xxxxxxxx,
JDIC66@xxxxxxxx, JGAR50@xxxxxxxx, JHAR66@xxxxxxxx,
JHAR83@xxxxxxxx, JKOT50@xxxxxxxx, JLAW85@xxxxxxxx,
JMRG44@xxxxxxxx, JNOV35@xxxxxxxx, JODO82@xxxxxxxx,
JOSM77@xxxxxxxx, JSWE50@xxxxxxxx, JTAY82@xxxxxxxx,
JTIE66@xxxxxxxx, JWOL35@xxxxxxxx, KDOR35@xxxxxxxx,
KHOL35@xxxxxxxx, KMEB82@xxxxxxxx, KOLS50@xxxxxxxx,
KPIL50@xxxxxxxx
Subject: Brennan letter on Eurex
Mime-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Disposition: inline
Following is a letter from Chairman Brennan to CBOT members regarding the CBOT-Eurex alliance:
September 13, 1999
Dear Fellow Member:
I am pleased to report that after two days of discussions in Burgenstock, Switzerland, with our Eurex counterparts, all parties have agreed that the CBOT-Eurex alliance will proceed with no material changes to the original agreement approved by the membership.
The Burgenstock meetings were necessary to resolve some issues in question that had come to our attention in written correspondence we recently received from Eurex. These issues have been resolved:
· Control of the alliance remains 50-50 between each exchange.
· Each exchange retains the right to control its own products, pricing and access.
· Additionally, it was emphasized to our partners that the strategic plan of the Chicago Board of Trade calls for the operation and growth of both world class open outcry and electronic markets.
The Alliance is moving forward and I will continue to keep you apprised of its progress.
Sincerely,
David P. Brennan
|