What is the Chicago Board of Trade?
Chicago Board of Trade is a market for financial futures and options based in the American city of Chicago. It has been operating since 1848 and is believed to be the oldest operating example of Futures and options in the world. The volume of trading is very high daily, because Chicago is a financial powerhouse in the United States. Financial publications usually provide quotes about the performance in this market, along with analysis and discussions on business activities for investors, economists and other parties.
Initially, Chicago Board of Trade focused on agricultural commodities, especially grains and pork abdomen. Over time, the offers have expanded to include other commodities such as gold and silver. It is assumed that the origin of modern trading in commodity futures is at least partly part of the Chicago Council for Trade. Traders can participate in open trading in shouts in the so -called "PIT", where traders work directly with each other, or they can use an electronic trading system. Many companies use a combination of both to DOSAmarrying their goals. The holding company, the CME group, controls both entities, even if they work alone. The Merc and the Commercial Council are open for trading from Monday to Friday, and after hours are available through electronic systems that allow people to trade within hours. These two entities were publicly traded under the CME symbol.
People who are interested in trading in Chicago Board of Trade can look for a sponsor and qualify for trading or pass through a broker. Working with a broker can be suitable for people who have limited training and experience. For people who are planning to build a career in trading, it provides sponsored by brokerage with access to trading floor, trading and many other benefits. People must pass a test to be allowed to trade and have to follow the basic rules of decorum to be allowed on a trade floor,In order to maintain the environment civilian.
Since 1930, Chicago Board of Trade has been working from the famous building in the center of Chicago. In the heart of the Chicago Financial district, the building for the Business Council is known for its art deco architecture and is considered a historic building. Visitors to the city sometimes visit the financial district to see these and other buildings of interest.