Chicago Board of Trade

Exchanges

Chicago Board of Trade

The Chicago Board of Trade (CBOT), established in 1848, is the world's oldest futures and options exchange. More than 50 different options and futures contracts are traded by over 3,600 CBOT members through open outcry and eTrading. Volumes at the exchange in 2003 were a record breaking 454 million contracts. On 12 July 2007, the CBOT merged with the CME under the CME Group holding company and ceased to exist as an independent entity.

In 1864, the CBOT listed the first ever standardized "exchange traded" forward contracts, which were called futures contracts. In 1919, the Chicago Butter and Egg Board,[1] a spin-off of the CBOT, was reorganized to enable member traders to allow future trading, and its name was changed to Chicago Mercantile Exchange (CME).

On October 19, 2005, the initial public offering (IPO) of 3,191,489 CBOT shares was priced at $54.00 (USD) per share. On its first day of trading the stock closed up +49% at $80.50 (USD) on the NYSE.

In 2007, the CBOT and the CME merged to form the CME Group.

Since 1930, the Chicago Board of Trade has been operating out of 141 West Jackson Boulevard, Chicago. It is housed in a building designed by architects Holabird & Root that is 605 feet (184 m) tall, the tallest in Chicago until the Richard J. Daley Center superseded it in 1965. This Art Deco building incorporates sculptural work by Alvin Meyer and is capped by a 31 foot (9.5 m) tall statue of the Roman goddess Ceres in reference to the exchange's heritage as a commodity market. Ceres is faceless because its sculptor, John Storrs, believed that the forty-five story building would be sufficiently taller than any other nearby structure and as a result that no one would be able to see the sculpture's face anyway.

On May 4, 1977, the Chicago Board of Trade Building was designated a Chicago Landmark. The building is now a National Historic Landmark. Today the Board of Trade Building is closely joined by numerous skyscrapers in the heart of Chicago's busy Loop commercial neighborhood.


Official website: http://www.cmegroup.com/

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Автор: Gisela 07:45:32 01 october 2010

Its working FABULOUSLY for me!! Holy cow...there has been so much I've been missing lately. The CBOT screen-based and open auction trading platforms make the market-clearing price of the moment publicly available to all market users regardless of their information or outlook. Great!

Comments: 0

Автор: Kaipo 03:37:37 12 july 2010

The choice for me is usually determined by the confidence I can get in the futures, with CBOT it is provided due to the fact that participants that register are obligated to abide by the product quality specifications they have agreed to and use the dispute resolution procedures developed by CBOT through the partnership. CBOT's procedures encourage honest business practices and delivery of high-quality recovered materials.

Comments: 0

Автор: Aldon 06:18:22 18 april 2010

It was more than just stressful to work there, it was like being in the boiling pot all the time, several time I lost my control and felt like I am really going to bit some guy's nose. If you are there you are real fool!

Comments: 0

Автор: tristen 03:27:50 07 february 2010

I don't know many exchanges that have such an offer on agricultural sector.
besides CME E-quotes is a revolutionary software application offering world-class charting and analytics, real-time quotes, block data and news on CME

Comments: 0


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