CBOT's Neubauer ready to move on. (Futures Interview).

Futures (Cedar Falls, Iowa), November, 2002 by Collins, Daniel P.

Few would argue that Nick Neubauer's term as CBOT chairman was not successful. While not all of the storied exchange's challenges are behind it, the CBOT is better positioned to thrive in the new era of for-profit exchanges and electronic trading.

When Nickolas Neubauer took over as chairman of the Chicago Board of Trade (CBOT), the future of the 150-year-old institution did not look particularly bright. There were rumors the CBOT was preparing to go all electronic, membership value was dropping, infighting among the board's management team led to the departure of long-time President Tom Donovan and no one apparently was telling the membership what was happening. While the previous chairman, David P. Brennan, did manage to reach an agreement with Eurex (called...

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