Kansas City Board of Trade was acquired by a subsidiary of CME Group Inc. (NasdaqGS:CME), the world's largest and most diverse derivatives marketplace. Founded in 1856, Kansas City Board of Trade is the world's largest market for the trading of hard red winter wheat futures and options. The Company's hard red winter wheat futures contract serves as the global benchmark for bread wheat prices. CME Group sought to combine the Company's hard red winter wheat futures and options with its existing suite of grain and oilseed products - including the soft red winter wheat futures and options traded on the Chicago Board of Trade, a subsidiary of CME Group.
"George K. Baum provided outstanding service and advice to KCBT. They took the time to fully understand our business, its history and the value of our unique franchise. When the time was right to look for a partner, GKB targeted the marketplace and managed an effective process that created a number of alternatives for the Board to evaluate. Their guidance was essential in allowing us to successfully navigate the complex issues that arose along the way. I can confidently say GKB's involvement created significant value for our members; they delivered in every regard for KCBT."
Steven K. Campbell
Chairman of the Board of Directors -The Board of Trade of Kansas City, Missouri