Chicago Board Of Trade - CBOT

DEFINITION of 'Chicago Board Of Trade - CBOT'

A commodity exchange established in 1848 that today trades in both agricultural and financial contracts. The CBOT originally traded only agricultural commodities such as wheat, corn and soybeans. Now, the CBOT offers options and futures contracts on a wide range of products including gold, silver, U.S. Treasury bonds and energy.

BREAKING DOWN 'Chicago Board Of Trade - CBOT'

The CBOT has added electronic trading of futures contracts in recent years, but for decades was an open auction market, where traders meet in a trading pit and primarily use hand signals to execute trades.

On October 18th, 2005, the Chicago Board of Trade transformed from a non-profit organization to a for-profit organization with an initial public offering on the NYSE, listed as CBOT Holdings Inc. Its ticker symbol is "BOT".

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RELATED FAQS
  1. Why is the Chicago Board Options Exchange important?

    The Chicago Board Options Exchange (CBOE) was the very first exchange to offer standardized exchange-traded options on stocks. ... Read Full Answer >>
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    There are futures contracts available and traded on exchanges for virtually every class of investment asset, ranging from ... Read Full Answer >>
  3. What is the history of futures?

    The earliest recognized futures trading exchange is the Dojima Rice Exchange, established in 1710 in Japan for the purpose ... Read Full Answer >>
  4. What's the difference between the Chicago Board of Trade (CBOT) and the Chicago Mercantile ...

    Both the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME) trace their roots to 19th-century Chicago, ... Read Full Answer >>
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