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The article reports on the decision of the legislators in Illinois to reject a proposed tax package aimed at hindering the tax cut plans of futures-exchange operator CME Group Inc. in November 2011.

The article reports that most of the Chicago Board of Trade building in Chicago, Illinois is being sold by CME Group Inc. which also plans to lease back the floor space and continue to operate its trading pits.

This article reveals that former U.S. White House chief of staff Rahm Emanuel is drawing support from trade and exchange community in his bid for the mayoralty in Chicago, Illinois.

The article reports on the ruling of an Illinois court which favored the Chicago Board Options Exchange (CBOE) in a legal case against International Securities Exchange over the exclusive trading rights for index-based options contracts.

The article reports that the Chicago Board Options Exchange (CBOE) in Illinois might launch an initial public offering (IPO) by May 2009 valuing the firm at an estimated 5 billion U.S. dollars following the settlement of a legal dispute over ownership rights. It notes that the settlement will enable the company to move forward to convert to a shareholder-owned entity and pursue an IPO or a merger. It cites that in early November 2009, a CBOE seat sold for 2.75 dollars, which gives CBOE an indicated exchange value of nearly 2.6 billion dollars.

The article reports on the credit default swap (CDS) deal being negotiated by Chicago, Illinois-based CME Group Inc. with six dealers in December 2008. It is believed that deal would help the company regain momentum in the battle to clear trades in the $33 trillion CDS marker. CDS is used by some investors to protect their debt holdings against the likelihood of default.