The Board of Trade of the City of Chicago and Subsidiaries - Page 4

                                        - 4 -                                         

               Ownership of petitioner is vested in its members and is                
          represented by five classes of transferable memberships:  Full              
          memberships, associate memberships, Government Instruments Market           
          (GIM) memberships, Commodity Options Market (COM) memberships,              
          and Index, Debt and Energy Market (IDEM) memberships.                       
               Each class of membership carries specified voting rights,              
          dissolution rights, and trading privileges.  The most                       
          comprehensive membership, a full membership, has trading                    
          privileges on all markets on the CBOT, a full share on                      
          liquidation, and one vote on all matters voted on by CBOT                   
          members.  The most restricted membership, an IDEM membership, has           
          trading privileges only on the Index, Debt and Energy market, a             
          one-half percent of one share on liquidation and voting rights to           
          elect members of an IDEM liaison committee to the board of                  
          directors of the CBOT.  The following chart shows the numbers of            
          different memberships during the years in issue and summarizes              
          the rights and privileges of each class:                                    

















Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011