What does Chicago Board Of Trade (CBOT) mean?
Chicago Board Of Trade is the oldest and one of the largest futures exchange in the world. It is an online exchange for options and futures contracts on diversified agricultural commodities and financial products such as grains, metals, energy and bonds.
Futures Knowledge Explains Chicago Board Of Trade (CBOT)
Chicago Board Of Trade was founded in 1848 basically to organize and standardize transactions for grains. It developed standardized futures contracts in 1865 and gradually CBOT an icon for futures trading. The Chicago Board of Trade operates a derivatives and options exchange. The Board trades options and derivatives as well as provides market news and information. In 2007, the Chicago Board of Trade was acquired by Chicago Mercantile Exchange to form CME Group, world's leading and most diverse derivatives marketplace.