In May 2016, another major episode of non-convergence began for the KCBT
wheat futures contract.
In addition to the price, KCBT will make a special distribution of excess cash to its members at closing of the deal with CME.
CME Group has pledged to keep for at least three years a committee of KCBT market participants to advise on HRW wheat contract terms and conditions and to maintain the KCBT trading floor in Kansas City for a minimum of six months.
Completion is expected later in 2012, subject to the approval of KCBT
's shareholders and regulators, including the receipt of the Hart-Scott-Rodino (HSR) clearance.
CBOT, the Chicago Board of Trade, KCBOT, KCBT
and Kansas City Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.
What's Hot: KCBT
volume and open interest setting records at KCBT
CME Group to Acquire Kansas City Board of Trade CHICAGO and KANSAS CITY, October 17, 2012 CME Group, the world s leading and most diverse derivatives marketplace, and the Kansas City Board of Trade, the leading futures market for hard red winter (HRW) wheat, today announced they have signed a definitive agreement under which CME Group will acquire the Kansas City Board of Trade (KCBT
He had been with the KCBT
for nearly four years, after serving for 20 years with the National Grain Trade Council.
Spokespersons/titles: Bob Petersen, president; Shelia Summers, VP marketing; KCBT