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Encyclopedia > Chicago Board of Trade
Chicago Board of Trade
Type Public (NYSE: BOT)
Founded {{{foundation}}}
Location Chicago, Illinois
Key people Bernard W. Dan, President & CEO
Charles P. Carey, Chairman
Industry Business Services
Products Futures exchange
Revenue image:red down.png$380,193 million USD (2004)
Operating income {{{operating_income}}}
Net income {{{net_income}}}
Employees 784
Website www.cbot.com
{{{footnotes}}}
Trading floor at the Chicago Board of Trade.
Trading floor at the Chicago Board of Trade.

The Chicago Board of Trade (CBOT) NYSE: BOT, 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. Image File history File links CBOT_logo. ... A public company is a company owned by the public. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... Red down arrow for negative revenue from the previous fiscal year. ... The United States dollar is the official currency of the United States. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Website. ... Chicago Board of Trade pit. ... Chicago Board of Trade pit. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), known as the Big Board, is the largest stock exchange in the world, although its trading volume was exceeded by that of NASDAQ (historic comparison graph {pdf}) during the 1990s. ... 1848 is a leap year starting on Saturday of the Gregorian calendar. ... A futures exchange, or futures and options exchange is a corporation or mutual organization which provides the facilities to trade futures contracts and options. ... In finance, an option is a contract whereby one party (the holder or buyer) has the right but not the obligation to exercise a feature of the contract (the option) on or before a future date (the exercise date or expiry). ... In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a set price specified on the last trading date. ... Open outcry occurs on a commodities exchange when traders shout their buy and sell orders. ... eTrading, also called e-Trading, is how people in the financial services industry refer to electronic trading - i. ... 2003 (MMIII) is a common year starting on Wednesday of the Gregorian calendar. ...

Contents


History

The concerns of US merchants to ensure that there were buyers and sellers for commodities have resulted into 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 may meet and negotiate and formalize forward contracts. Wikiquote has a collection of quotations by or about: United States Wikinews has news related to this article: United States United States government CIA World Factbook Entry for United States House. ... Merchants function as professionals who deal with trade, dealing in commodities that they do not produce themselves, in order to produce profit. ... The word commodity is a term with distinct meanings in business and in Marxian political economy. ... A forward contract is an agreement between two parties to buy or sell an asset (which can be of any kind) at a pre-agreed future point in time. ... Credit risk is the risk of loss due to a counterparty defaulting on a contract, or more generally the risk of loss due to some credit event. Traditionally this applied to bonds where debt holders were concerned that the counterparty to whom theyve made a loan might default on...


In 1865, 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). 1865 is a common year starting on Sunday. ... In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a set price specified on the last trading date. ... 1919 (MCMXIX) was a common year starting on Wednesday (see link for calendar). ... The Chicago Butter and Egg Board[1], founded in 1898, was a spin-off entity of the Chicago Board of Trade (CBOT). ... asdguibsltfQEFJO;he traders to indicate their function on the floor (traders, runners, CME employees, etc. ...


Since 1930, the Chicago Board of Trade has been operating from 141, W. Jackson Boulevard, Chicago. It is housed in a building designed by architects Holabird & Root. On 4 May 1977, the Chicago Board of Trade Building was designated a Chicago Landmark[2]. The Art Deco building is capped by a statue of the goddess Ceres in reference to the exchange's heritage as a commodity market. It is faceless because its sculptor, John H. Stoors, 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. Today the Board of Trade Building is closely joined by numerous skyscrapers in the heart of Chicago's busy Loop commercial neighborhood. 1930 (MCMXXX) is a common year starting on Wednesday. ... Architect at his drawing board, 1893 An architect is a person involved in the planning, designing and oversight of a buildings construction. ... May 4 is the 124th day of the year in the Gregorian calendar (125th in leap years). ... For the album by Ash, see 1977 (album). ... Chicago Landmark is a designation of the Mayor of Chicago and the Chicago City Council for historic buildings and other sites in Chicago, Illinois. ... Asheville City Hall. ... Ceres, the Roman goddess of agriculture A goddess is a female deity, in contrast with a male deity known as a god. A great many cultures have goddesses, sometimes alone, but more often as part of a larger pantheon that includes both of the conventional genders and in some cases... For the first asteroid to be discovered, see 1 Ceres For the Melbourne community environment park, see the Centre for Education and Research in Environmental Strategies CERES (Clouds and the Earths Radiant Energy System) is an on-going NASA metereological experiment in Earth orbit. ... The word commodity is a term with distinct meanings in business and in Marxian political economy. ... Taipei 101, considered the worlds tallest skyscraper. ... The Loop is what locals call the downtown neighborhood of Chicago. ...


On 19 October 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. October 19 is the 292nd day of the year (293rd in leap years) in the Gregorian Calendar. ... 2005 (MMV) is a common year starting on Saturday of the Gregorian calendar. ... In financial markets, an initial public offering (IPO) is the first sale of a companys common shares to public investors. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ...


News lines

October 22 is the 295th day of the year (296th in leap years) in the Gregorian Calendar, with 70 days remaining. ... 1981 (MCMLXXXI) is a common year starting on Thursday of the Gregorian calendar. ... The Philadelphia Stock Exchange (PHLX) is the oldest stock exchange in the United States. ...

See also

// North America Canada Montreal Exchange USA Chicago Board Options Exchange (CBOE) Chicago Board of Trade (CBOT) Chicago Butter and Egg Board, precursor to the Chicago Mercantile Exchange Chicago Climate Exchange Chicago Mercantile Exchange (CME) Commodity Exchange (COMEX), now a division of NYMEX International Monetary Market (IMM), part of the Chicago...

References

  • Ryan, Oliver (Nov. 14, 2005). "Chicago's Making A Contracts Killing". FORTUNE, p. 22.

Fortune or fortune can refer to: Luck Wealth Fortune magazine The fortune Unix/Linux command, which prints a random quote Fortune (Metal Gear), a character from Metal Gear Solid 2: Sons of Liberty. ...

External links


  Results from FactBites:
 
Encyclopedia: Chicago Board of Trade (885 words)
The Chicago Board of Trade (CBOT), established in 1848, is the world's oldest commodity for trading in futures and options.
In 1865, the CBOT listed the first “exchange traded” derivatives contract in the history of the capital and financial markets of the United States of America, and these contracts were called futures contracts.
On October 22, 1981, trading was halted on the Chicago Board of Trade and the Philadelphia Stock Exchange after anonymous callers said bombs had been placed in those buildings.
  More results at FactBites »

 
 

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