<PAGE>
Filed by Board of Trade of the City of Chicago (CBOT)
Subject Company - Board of Trade of the City of Chicago
Pursuant to Rule 425 under the Securities Act of 1933
File No. 132-01854
* * * *
The following information is available on the home page of the CBOT's intranet
site, MemberNet.
Highlights
--------------------------------------------------------------------------
CBOT Board Approves July 20 Launch Date for CBOT(R) Dow Jones(SM)
Transportation, Utility, and Composite Average Futures (7-10)
Lessors Committee Unanimously Supports Board Legal Action to Preserve CBOE
Exerciser Right (7-12)
Lessors Committee Review Items (7-12)
CBOT Annual Seminar July 12-13 Draws Ag Broadcasters From Across Country (7-11)
CBOT Hosts Crop Report Press Briefing July 12 (7-11)
Rule 80A, 80B 3rd Quarter Circuit Breaker Levels (6-30)
Followup to Corn/Soybean Delivery Roundtable (6-29)
Dutterer Remarks at CFTC Hearing on New Regulatory Framework (6-27)
CBOT, EUREX Set July 17 for Alliance Trading Platform Simulation (6-21)
August 2000 Ag Serial Options Trade June 19-July 21 (6-14)
Six Lecture Series for Members on New Class of Trading Information (6-13)
Submit Written Request to Continue Receiving Printed BiWeekly Bulletins (5-26)
June Monthly Letter to Members (6-9)
Bi-Weekly Bulletins to Members
April 1-April 15, Firm Data
April 16-April 30, Firm Data
May 1-May 16, Firm Data
May 17-31, Firm Data
June 1-15, Firm Data
June 15-30, Firm Data
Electronic Order Routing Site Updated with Latest News on e-Openoutcry.com
(C) 2000 Chicago Board of Trade
Read our Terms of Service
We urge CBOT members and membership interest holders to read the Registration
Statements on Form S-4, including the proxy statement/prospectus contained
within the Registration Statements, regarding the CBOT restructuring referred to
herein or in connection herewith, when it becomes available, as well as the
other documents that the CBOT has filed or will file with the Securities and
Exchange Commission, because they contain or will contain important information.
CBOT members and membership interest holders may obtain a free copy of the proxy
statement/prospectus, when it becomes available, and other documents filed by
the CBOT at the Commission's web site at www.sec.gov. or from the CBOT by
directing such request in writing or by telephone to: Board of Trade of the City
of Chicago, 141 W. Jackson Blvd., Chicago, Illinois 60604-2994, Attention:
Office of the Secretary, Telephone: (312) 435-3605, Facsimile: (312) 347-3827.
This communication shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of securities in any state in which
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. No offering of
securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
* * * *
<PAGE>
The following letter can be accessed by clicking the "Review" button on the
MemberNet home page.
News: Top Stories
-------------------------------------------------------------------------------
July 7, 2000
Dear Fellow Lessor:
In our continuing efforts to apprise the lessor community-at-large of the
occurrence of and topics reviewed at Lessors Committee meetings, the committee
met via teleconference on Friday, June 30, 2000. The Committee reviewed the
following items:
1. Chairman David Brennan participated in a portion of the teleconference. He
advised your Lessors Committee of the Board's decision to file a declaratory
judgment that the CBOT's reincorporation as a Delaware not-for-profit
corporation would not extinguish the Exerciser Right and asked the Court to
prevent the CBOE from taking any action to the contrary. The Lessors
Committee unanimously supports the Board's decision and is communicating
this to Chairman Brennan and the Directors.
2. A Subcommittee to Review the Standard Lease Agreement was formed. The
subcommittee is comprised of Louis Skydell as Chairman, Norman Friedman and
William R. Power. There is a draft that represents a standardized document
that is designed for the acceptance and agreement between the lessor and
lessee. The terms of this document are not mandated. Further details on the
review of the lease agreement and the indemnification agreement will be
released, when appropriate.
3. The Lessors Committee is considering the addition of three individuals to
the committee: One GIM Lessor; one COM Lessor and; one IDEM Lessor. The
Lessors Committee is a member association. Therefore, these individuals may
be voting members of the Committee. Once these appointments are approved by
the Board of Directors, they can be communicated to all lessors.
4. The Committee was informed that discussions were being held to consider the
imposition of a tax upon lessors. The Committee is further investigating
this issue and will keep you apprised as to its progress.
<PAGE>
If you have any comments or questions, please communicate them to the
Lessors Committee by sending an e-mail or facsimile to Nancy Binion
([email protected]; facsimile--312-341-3702).
For the Lessors Committee,
Veda Kaufman Levin, Chairman
C. C. Odom, II, Vice Chairman
Charles Bloomfield
Norman D. Friedman
William E. Fritz
Sidney C. Hamper
Lawrence D. Israel
William R. Power
Louis M. Skydell
The CBOT urges its members and membership interest holders to read the
Registration Statements on Form S-4, including the proxy statement/prospectus
contained within the Registration Statements, regarding the CBOT restructuring
referred to herein or in connection herewith, when it becomes available, as well
as the other documents that the CBOT has filed or will file with the Securities
and Exchange Commission, because they contain or will contain important
information. CBOT members and membership interest holders may obtain a free copy
of the proxy statement/prospectus, when it becomes available, and other
documents filed by the CBOT at the Commission's web site at www.sec.gov, or from
the CBOT by directing such request in writing or by telephone to: Board of Trade
of the City of Chicago, 141 W. Jackson Blvd., Chicago, Illinois 60604-2994,
Attention: Office of the Secretary, Telephone: (312) 435-3605, Facsimile: (312)
347-3827. This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of securities in
any state in which offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state. No
offering of securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
<PAGE>
The following letter can be accessed by clicking the "Unanimously Supports Board
Legal Action" on the MemberNet home page.
July 3, 2000
Mr. David P. Brennan
Chairman of the Board
Chicago Board of Trade
141 W. Jackson Blvd.
Room 600A
Chicago, IL 60604
Dear David:
We want to convey to you and the Board of Directors that the Lessors
Committee unanimously supports the Board's recent decision to file a declaratory
judgment to preserve the Exerciser Right. The Lessors Committee views the
Board's action as being proactive in protecting the right to allow CBOT owners
and delegates to continue to trade at the CROE.
Since the Board sanctioned the Lessors Committee earlier this year, we have
been able to provide a much-needed voice for all member lessors. We, therefore,
feel that the Board should be apprised of the Committee's support of an issue
that is of particular concern to its constituency.
For the Lessors Committee,
Veda Kaufman Levin, Chairman
C. C. Odom, II, Vice Chairman
Charles Bloomfield
Norman D. Friedman
William E. Fritz
Sidney C. Hamper
Lawrence D. Israel
William R. Power
Louis M. Skydell
We urge CBOT members and membership interest holders to read the Registration
Statements on Form S-4, including the proxy statement/prospectus contained
within the Registration Statements, regarding the CBOT restructuring referred to
herein or in connection herewith, when it becomes available, as well as the
other documents that the CBOT has filed or will file with the Securities and
Exchange Commission, because they contain or will contain important information.
CBOT members and membership interest holders may obtain a free copy of the proxy
statement/prospectus, when it becomes available, and other documents filed by
the CBOT at the Commission's web site at www.sec.gov. or from the CBOT by
directing such request in writing or by telephone to: Board of Trade of the City
of Chicago, 141 W. Jackson Blvd., Chicago, Illinois 60604-2994, Attention:
Office of the Secretary, Telephone: (312) 435-3605, Facsimile: (312) 347-3827.
This communication shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of securities in any state in which
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state. No offering of
securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
* * * *
