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Revision History For: CME Demutualization-- What's the play?

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Return to CME Demutualization-- What's the play?
 
As most market participants know, the CME is in the process of demutualizing the exchange, through a set of mergers which will make the current membership (seat holders) stock holders with two sets of common stock, one representing the various trading rights, the other equity.

The S-4 is now available on FreeEdgar, and makes for interesting reading.

The question is, what's the play?
Discuss.

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