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CBOT

Short for Chicago Board of Trade, a commodity exchange that trades in agricultural contracts (on commodities such as wheat, soybeans, corn, etc) and financial contracts (like options and futures on silver, gold, energy products, treasury securities, etc..). Originally, and since its inception in 1848 as a grain cash market, the CBOT was an open auction market. However, in 1994, electronic trading of futures contracts was launched. The board, initially a non-profit organization, was demutualized in 2005 into a for-profit business. It is owned by the Chicago Mercantile Exchange Holdings company, which is also the owner and operator of the Chicago Mercantile Exchange. In 2007, the CBOT merged with the Chicago Mercantile Exchange (CME).


 







See also:     CFTC, ISDA