Vote comes amid upheaval at Chicago Board of Trade.

Investment News, June, 2000 by Strahler, Steven R.

Volume, seat prices fall as the deficits pile up As a close vote looms this week on a controversial, long-term restructuring plan, the Chicago Board of Trade is confronting more immediate and clear-cut challenges -- declining trading volume, depressed seat prices and accumulating deficits.

At this precarious juncture, the board has budgeted for a $21.8 million loss this year, more than double last year's $10.4 million in red ink, according to internal financial statements obtained by sister publication Grain's Chicago Business. Accordingly, the board's cash reserves have shrunk by half, to $15.9 million, since the end of 1997. The cushion, about 9% of this year's anticipated revenues of $180 million, is sufficient to forestall conerns about...

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