Getting your Trinity Audio player ready...
Merc distribution: The Chicago Mercantile Exchange said it has approved a $2.4 million cash distribution for the P-M-T Limited Partnership following record volume levels on its Globex electronic trading system. Exchange directors will distribute the money, payable during the fourth quarter. It was the first profit distribution in the history of the partnership, formed in 1987 to initiate the development of Globex. CME members will receive 70 percent of the distribution, clearing members will receive 20 percent, and the exchange as a general partner will receive 10 percent.
