Chicago Board of Trade

at 141 W Jackson Blvd, Chicago , 60604 United States

Address and contacts of Chicago Board of Trade

place map
Chicago Board of Trade
141 W Jackson Blvd
Chicago , IL 60604
United States
Email
Contact Phone
P: (312) 435-3590
Website
http://www.cmegroup.com

Description

The Chicago Board of Trade, established in 1848, is one of the world's oldest futures and options exchanges. More than 50 different options and futures contracts are traded by over 3,600 CBOT members through open outcry and electronic trading. Volumes at the exchange in 2003 were a record breaking 454 million contracts. On 12 July 2007, the CBOT merged with the Chicago Mercantile Exchange to form the CME Group, a CME/Chicago Board of Trade Company. CBOT and three other exchanges now operate as designated contract markets of the CME Group.HistoryThe concerns of U.S. merchants to ensure that there were buyers and sellers for commodities have resulted in forward contracts to sell and buy commodities. Still, credit risk remained a serious problem. The CBOT took shape to provide a centralized location, where buyers and sellers can meet to negotiate and formalize forward contracts.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, 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).

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Summary

Chicago Board of Trade is Chicago based place and this enity listed in Financial Services category. Located at 141 W Jackson Blvd IL 60604. Contact phone number of Chicago Board of Trade: (312) 435-3590

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