Twin Cities O'Toole Resigns As Budget Restraints Pinch
EXCHANGES
The Twin Cities Board of Trade (TCBT) is feeling the pinch of its budget constraints and has lost its president Sean O'Toole as a result, officials there say. Meanwhile, negotiations to obtain financing are underway with seven other U.S. exchanges after attempts to sell its seats failed.
John Heffernan, TCBT chairman and now acting president, says "the exchange had to go into a significant consolidation because of funding." O'Toole, who didn't return calls by press time, appears to have been a
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