Chicago Board Of Trade (CBOT)

Chicago Board Of Trade (CBOT),

Definition of Chicago Board Of Trade (CBOT):

  1. An exchange where futures and option contracts are traded on agricultural commodities, financial products, and industrial and precious metals. The CBOT was established in 1848 as an open outcry auction for agricultural products. Today it incorporates both a live auction system and fully electronic trading for more than 50 different products.

  2. The Chicago Board of Trade (CBOT) is a commodity exchange established in 1848. The Chicago Board of Trade originally traded only agricultural commodities such as wheat, corn, and soybeans. Now it offers options and futures contracts on a wide range of products including gold, silver, U.S. Treasury bonds, and energy.

  3. The Chicago Board of Trade originated in the mid-19th century in order to help farmers and commodity consumers manage risks by removing price uncertainty from agricultural products such as wheat and corn. Later, futures contracts on products such as cattle and other livestock were added. Chicago was chosen as the exchange location because of its railroad infrastructure, its proximity to the American agricultural heartlands and the city's position as a key transit point for livestock. The delivery of the products underlying the futures contacts and traded on the exchange was made easier and more affordable by its physical location.

How to use Chicago Board Of Trade (CBOT) in a sentence?

  1. The Chicago Board of Trade originally traded only agricultural commodities such as wheat, corn, and soybeans.
  2. The Chicago Board of Trade (CBOT) is a commodity exchange established in 1848.
  3. The Chicago Board of Trade was originally solely an open-outcry trading platform, where human traders met to haggle and agree on a market price for a commodity.
  4. Now it offers options and futures contracts on a wide range of products including gold, silver, U.S. Treasury bonds, and energy.

Meaning of Chicago Board Of Trade (CBOT) & Chicago Board Of Trade (CBOT) Definition