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Topic: CBOT


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In the News (Wed 23 Dec 09)

  
  In re CBOT's Settlement of Disciplinary Charges related to March Wheat Expiration - September 12, 1997
The CBOT's motion to seal the record is based on its contention that the documents included in the record that it has filed are of a confidential and/or investigatory nature and that their disclosure would undermine the CBOT's ability to function as a self-regulatory organization.
CBOT asserts that it submitted that letter to the Commission subject to a petition for confidential treatment and that its release has interfered with and, if a remand is ordered, will continue to interfere with the conduct of its disciplinary proceeding.
We deny CBOT's motion to strike the portions of the Report and its Appendices that CBOT asserts are irrelevant to consideration of the adequacy of the sanctions.
www.cftc.gov /ogc/oporders97/ogcwheat3.htm   (4113 words)

  
 In re CBOT's Settlement of Disciplinary Charges Related to March Wheat Expiration - November 6, 1997
In the Divisions' view, the sanction imposed by the CBOT was not commensurate with the gravity of the alleged violation and otherwise failed to conform to Commission guidance on sanctions.
We direct the CBOT to reopen the proceedings against the respondents and either (1) reach new settlements which reflect the gravity of the violations charged or (2) augment its prior investigations, as appropriate, and conduct full disciplinary hearings consistent with the requirements of Part 8 of the Commission's regulations.
Most notably, the CBOT deleted the provision under which the close of an expiring contract could be extended from one minute to two minutes, thus eliminating potential confusion among floor members about the appropriate duration for a close in an expiring contract.
www.cftc.gov /ogc/oporders97/ogcwheat6.htm   (9469 words)

  
 Trading on e-CBOT unavailable - Boston.com
These disruptions have occurred as CBOT and other exchanges are attempting to encourage participants to conduct more of their business through electronic trading, which have enabled exchanges to expand their markets on a worldwide basis.
In August, CBOT launched daytime electronic trading of its benchmark agriculture products, to run side-by-side with trading conducted through the traditional open outcry method practiced on the trading floor.
The exchange is a unit of CBOT Holdings Inc. In late Tuesday morning trading, shares in CBOT Holdings were up 0.5 percent to $121.48.
www.boston.com /business/articles/2006/10/03/trading_on_e_cbot_unavailable   (319 words)

  
 IPO spells big bucks for CBOT
The agriculture markets, the historic foundation of the CBOT but now less than 20 percent of its daily volume, is still primarily conducted in the open-outcry pits, not over computer networks.
The CBOT's IPO was a bigger first-day hit, but it has a long way to go if it is to match the performance of the Merc's stock.
CBOT President Bernard Dan said the difference in reception was because the Merc blazed a trail and showed Wall Street how the futures business works.
www.suntimes.com /output/business/cst-fin-cbot20.html   (890 words)

  
 CBOT Index, DJIA Futures and Options - Dow Jones Industrial Average
When a CBOT DJIA futures contract is traded, the seller (short) is agreeing to sell $10 times the index and the buyer (long) is agreeing to buy $10 times the index on the expiration date of the contract.
At the CBOT, the disbursement and collection of all margin funds is ultimately managed and monitored by the Board of Trade Clearing Corporation - an independent clearinghouse with an impeccable record for protecting market participants.
Further, the CBOT DJIA futures and options contracts trade adjacent to the exchange's U.S. Treasury bond futures - one of the world's most active futures contracts - which greatly facilitates trading the relationships between interests and equities.
www.infinitytrading.com /cbot_djia.html   (1742 words)

  
 [No title]
Since the CBOT was not yet a for-profit corporation, liquidation was the factor that William Blair viewed most as an "equity-like notion." The rationale of considering trading volume as a factor in the allocation methodology is based upon each membership's contribution to the overall liquidity and value of the CBOT.
James P. McMillin, a CBOT AM, testified by deposition that, as a member of the Implementation Committee, he understood, along with the other committee members, that FMs needed to be satisfied with the proposed restructuring in order for the restructuring to be approved.
According to the CBOT's present amended and restated certificate of incorporation, FMs are entitled to one vote on all matters that are subject to a vote of the general membership, while AMs are entitled to one-sixth of one vote.
www.state.il.us /court/Opinions/AppellateCourt/2003/1stDistrict/July/Html/1030149.htm   (4986 words)

  
 I(PO), CBOT - Forbes.com   (Site not responding. Last check: 2007-11-01)
CBOT Holdings relies on the Chicago Mercantile Exchange to clear its trades, making CME both a competitor and a critical supplier.
CBOT Holding's demutualized in April and warns that the transition to a for-profit enterprise could be bumpy.
CBOT Holdings of Chicago plans to offer 3,191,489 shares at $45 to $49 each through underwriters led by Credit Suisse First Boston.
www.forbes.com /strategies/2005/10/13/cbot-trading-stocks-cx_sr_1014ipooutlook.html   (1211 words)

  
 Alaron Trading Corporation: Futures & Options Brokerage   (Site not responding. Last check: 2007-11-01)
CBOT President and CEO Bernard W. Dan said, “The Exchange has worked extensively with the ethanol industry to develop this new contract, and this collaborative effort with producers and refiners was critical to designing an effective vehicle for both price discovery and the management of price volatility within the domestic ethanol market.
CBOT Holdings, Inc. ("CBOT Holdings") has filed with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4, including a proxy statement and prospectus, relating to the restructuring of the Board of Trade of The City of Chicago, Inc. ("CBOT"), which has been declared effective by the SEC.
The CBOT and its directors and executive officers and CBOT Holdings and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the CBOT members in connection with the restructuring transactions described herein.
www.alaron.com /cbot_dow_resource/cbot_march_2005.htm   (3349 words)

  
 Delta Farm Press: CBOT/farmer trial set to begin in fall   (Site not responding. Last check: 2007-11-01)
An example of this, he says, is that from 1989 to 1995, CBOT attorneys argued that farmers had no standing to sue CBOT regardless of its actions.
CBOT's argument was overturned twice in a federal circuit court.
CBOT hadn't been sued by farmers before, and they thought with stalling tactics they could get by with this with minimal damage.
www.findarticles.com /p/articles/mi_m0HEE/is_2002_July_26/ai_90091301   (1417 words)

  
 CBOT - General FAQ   (Site not responding. Last check: 2007-11-01)
The initial terms of the CBOT and CME agreement began on January 2, 2004, and run through January 31, 2008, with an opportunity for the CBOT and CME to agree to extend it.
The CBOT entered into this agreement with the primary interest of increasing the efficiency of our marketplace and doing so in a manner that drives value for our members and customers in terms of their financial and operational efficiencies.
The CBOT values the innovative and creative practices of the CME clearing organization and feels strongly that this will enable the CBOT to further develop products and services for all of our customers.
www.cbt.com /cbot/pub/page/0,3181,1158,00.html   (1271 words)

  
 ePrairie.com: Midwest Technology Business News
CBOT traders themselves are, literally, grasping for dear life on the edges of their seats.
All the CBOT employees feel that the CBOT electronic exchange will be subsumed by the Eurex electronic exchange," said Carl Zapffe in CBOT's TradeTalk e-mail service, which was reprinted here in part with permission from the author and in full on page two.
CBOT was once the world's highest volume-trading exchange, until Eurex overcame this volume in January 1999.
www.eprairie.com /news/viewnews.asp?newsletterID=559   (1038 words)

  
 The CBOT
All CBOT futures contract terms are standardized except for the price, which is negotiated through open outcry trading on the floor of the exchange.
The CBOT is responsible for ensuring that its daily market operations are handled in an efficient manner in keeping with the highest standards of business conduct.
At the CBOT, the disbursement and collection of all margin funds is ultimately managed and monitored by the Board of Trade Clearing Corporation an independent clearinghouse with an impeccable record for protecting market participants.
www.tradewithvision.com /javaapplets/cbot_DJ_Industrial.htm   (4506 words)

  
 Chicago Board of Trade Membership Card (CBOT) signed by President - 1876   (Site not responding. Last check: 2007-11-01)
CBOT sponsors the Board of Trade regiments in the Civil War and $220,000 is raised for the war effort.
CBOT begins trading its agricultural complex on Project A. The CBOT expands its world-class financial risk-management lineup with the launch of its U.S. Treasury Yield Curve Spread futures and options on October 18.
It also is the CBOT's 25th record in the past 30 years and the fifth consecutive year that CBOT volume tops 200 million contracts—a feat unsurpassed by any other exchange in the world.
www.scripophily.net /chicboaroftr1.html   (2836 words)

  
 Investor's Business Daily: CBOT Stock Races Higher, Up 49% In 1st-Day Trading
CBOT Holdings, owner of the Chicago Board of Trade, rose 49% to 80.30, the third-best debut in 2005, said Renaissance Capital.
CBOT makes most of its revenue from fees for managing the exchange of contracts between buyers and sellers on both an electronic platform and an open-auction platform called pits, where people in colorful jackets clinch deals with shouts and hand signals.
The CBOT offering comes on the heels of the collapse of Refco Inc. (RFX) after its CEO was indicted for alleged securities fraud related to $430 million in hidden debt.
www.investors.com /editorial/IBDArticles.asp?artsec=16&issue=20051019   (606 words)

  
 CBOT approached for possible merger - Financial Times - MSNBC.com
The CBOT revealed on Tuesday that it was considering "unsolicited, non-binding expressions of interest" from unspecified sources.
Although the CBOT's operating margins are about half those of the CME it is growing fast and has scope to raise trading fees over a low fixed cost base.
If the CME and CBOT were to finalize a deal, they could strip out significant overlapping costs - such as expensive "open outcry" pits - and place all their products on one electronic trading system.
www.msnbc.msn.com /id/8400935/&&CE=3032071   (690 words)

  
 Welcome to CBOT Advantage Website! Real-Time Quotes, Charts, News and Weather!   (Site not responding. Last check: 2007-11-01)
In order to fully experience the power of CBOT Advantage the use of cookies is required.
CBOT Advantage requires at least a 256 color display.
CBOT Advantage requires a Pentium II 350MHz or greater for optimal performance.
cbot.fsxtra.com /compatible.jsp   (263 words)

  
 CBOT Dow Jones Industrial Average Futures and Options
And with the new CBOT DJIA futures and futures options contracts, speculating on the Dow has never been easier.
For the futures (a legally binding commitment, made through a futures exchange, to buy or sell something in the future,) the value of the futures contract is equal to $10.00 times the current DJIA index level.
When a CBOT DJIA futures contract is traded, the seller (also called the short) is agreeing to sell $10.00 times the index and the buyer (or long) is agreeing to buy $10.00 times the index on the expiration date of the contract.
www.chartpatterns.com /cbotdowjonesfuturesandoptions.htm   (682 words)

  
 Drama in the Windy City: CBOT and CME Merge   (Site not responding. Last check: 2007-11-01)
Executives at CME and CBOT are pleased to be collaborating.
CBOT, housed in an Art Deco landmark building in the heart of Chicago’s financial district, is comprised of similarly bustling agricultural and financial trading floors.
CBOT views open auction and electronic trading as complementing one another and does not foresee the closing of its pit operations.
www.fenews.com /fen36/one_time_articles/cbot_cme_merger/cbot_cme.html   (2078 words)

  
 CBOT Launches Electronic Trading of Ag Futures During Daytime Hours
Previously, CBOT’s Agricultural futures contracts traded electronically only after hours, which enabled the CBOT to expand its distribution of its Agricultural products globally to the Asian and European sectors.
CBOT President and Chief Executive Officer Bernard W. Dan said, “Our mission behind this action is to create greater opportunities for the entire marketplace, increase access to CBOT commodity products and aggressively work to create a single, centralized pool of liquidity between the floor and screens."
Since then, the CBOT Ethanol futures surpassed the 1,000-contract mark in open interest, setting a new all-time record of 1,068 contracts on July 10.
www.grainnet.com /articles/CBOT_Launches_Electronic_Trading_of_Ag_Futures_During_Daytime_Hours_-36013.html   (682 words)

  
 CBOT Sets Annual Records for Total Volume and Average Daily Volume
CBOT volume for December 2006 reached 55,344,340 contracts, an increase of 33 percent compared with December 2005.
The CBOT also experienced increases in its Soybean complex (7 percent), Oats complex (22 percent), and Rough Rice complex (42 percent) when comparing 2006 year-end ADV with year-end ADV from 2005.
CBOT Financial complex ADV was 2,544,002 contracts in 2006, an increase of 15 percent compared with ADV from 2005.
www.grainnet.com /articles/CBOT_Sets_Annual_Records_for_Total_Volume_and_Average_Daily_Volume_-40387.html   (1319 words)

  
 CBOT   (Site not responding. Last check: 2007-11-01)
CBOT is a Canadian Broadcasting Corporation television station in Ottawa, Ontario.
The third television station in Canada, CBOT went on the air for the first time on June 2, 1953.
CBOT is a semi-satellite of CBLT in Toronto, Ontario, only airing different local newscasts, hockey games and commercials.
www.freecaviar.com /search.php?title=CBOT   (110 words)

  
 CBOT approves Eurex alliance - Jun. 24, 1999
CBOT approves Eurex alliance - Jun. 24, 1999
     CBOT member approval of the planned linkup with Eurex, which earlier this year surpassed the Chicago exchange as world leader in futures trading volume, was considered a foregone conclusion after Brennan threw his weight behind the alliance.
But he also said the CBOT is reviewing whether to open access on Eurex to non-CBOT members.
money.cnn.com /1999/06/24/markets/cbot   (630 words)

  
 CBOT Holdings Inc (BOT) Full Description | Stocks | Reuters.com
During the year ended December 31, 2006, 79% of all of the contracts traded at the CBOT Holdings were either financial futures or options on financial futures contracts.
CBOT Holdings also offers the CBOT Dow Jones-AIG Excess Return Commodity Index futures contract as part of its overall arrangement with Dow Jones.
CBOT Holdings offers its members and certain non-members who have permission from a CBOT clearing member the ability to execute transactions in most of its products on electronic trading platform, e-cbot.
stocks.us.reuters.com /stocks/fullDescription.asp?symbol=BOT.N   (935 words)

  
 * CBOT - (Stock Market): Definition   (Site not responding. Last check: 2007-11-01)
Central Limit Theorem From statistics, the theorem that the distribution of sample means taken from a large population approaches a normal, Gaussian, curve...
GIM Membership (CBOT): A Chicago Board of Trade membership that allows an individual to trade all futures contracts listed in the government instrument market category.
Chicago Board of Trade (CBOT) - The largest futures exchange in the U.S., and was a pioneer in the development of financial futures and options.
www.bestknows.com /stockmarket/cbot.html   (270 words)

  
 TheStreet.com: Vote on CBOT Reorganization Upsets CBOE, Threatens Merger Talks
The CBOT has slated a membership vote on June 28 about whether it will reincorporate in Delaware, the first step in its proposed restructuring plan.
The CBOT plans to convert itself into two for-profit businesses: One business would continue as an open-outcry market operation (a trading method where traders shout out their buy or sell orders), while the other would be an electronic trading concern.
But the CBOE is upset that the CBOT scheduled a vote amid their merger discussions.
www.thestreet.com /brknews/brokerages/953398.html   (590 words)

  
 What is the CBOT?
There are 3,600 CBOT members who trade more than 50 different options and futures contracts though open outcry and e-trading.
In 1994, CBOT launched its first electronic trading system, implemented to meet the needs of the growing global economy.
The main aim of the CBOT is to trade futures and options on futures, either through electronic or auctions means.
www.wisegeek.com /what-is-the-cbot.htm   (378 words)

  
 CBOT EXCHANGE NEWS: February Volume Up 36.8 Percent From 2003 at 43,815,075 - Gold & Silver Forum
Overall, CBOT agricultural futures and options were up 56.2 percent from February 2003 and up 16.6 percent from last month at 7,991,462 contracts.
CBOT Soybean Meal and Soybean Oil futures posted gains of 39.1 percent and 33.7 percent from February 2003 at 767,052 and 722,580, respectively.
CBOT DJIA futures contracts traded 207,423 contracts for February 2004, with mini ($5) Dow JonesSM Industrial Index futures up 116.8 percent from February 2003 at 1,241,009 contracts.
www.goldismoney.info /forums/showthread.php?t=8436   (826 words)

  
 CBOT Definition
The CBOT, or Chicago Board of Trade, is the world’s oldest exchange for trading commodity futures and options.
The CBOT was established in 1848 to provide commodities buyers and sellers with a centralized location to negotiate forward contracts.
Today, the CBOT trades contracts on precious metals, interest rates, and the Dow, in addition to the agricultural products of its roots.
www.investorglossary.com /cbot.htm   (241 words)

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