Chicago Board of Trade (CBOT) Definition

Forex Glossary

Definition

The word Chicago Board of Trade identifies market where sellers and buyers may negotiate and enter into contracts. The Chicago Board of Trade is just one of those universe ‘s greatest stocks and options trades.

Explanation

Also known as the CBOT, the Chicago Board of Trade can be just a centralized location which enables sellers and buyers of all commodities to input forward contract arrangements. These arrangements have been eased through a blend of digital trading and also the conventional procedure for open outcry.

Structurally, the CBOT united with the Chicago Mercantile Exchange (CME) to create the CME Group. Other exchanges which are part of the category comprise NYMEX and COMEX. Trading on the CBOT does occur Sunday through Friday, 6:00 p.m. through 5:15 p.m. Eastern Time, with a 45-minute break daily beginning at 5:15 p.m. Eastern Time. Futures and options traded on the CBOT comprise: interest rate swaps, treasury rates of interest, interest stirs, corn, corn, soybean, Dow Jones Real Estate stocks, e mini Dow stocks, ethanol, and Treasury bond futures.