30.10.2008 - Citadel distancing itself from ELX exchange
From Chicagotribune.com: Citadel Investment Group is reducing its ties with a planned rival to CME Group Inc. iin favor of its new joint venture with the Chicago derivatives exchange operator. The Chicago-based hedge fund group is pulling its board member from the bank-backed ELX Electronic Liquidity Exchange, according to a source close to the matter. Citadel will retain an equity stake and would use the still-to-be launched ELX platform, which aims to challenge the CME's dominance in Treasury futures..... Full Article: Source