Chicago Board of Trade (CBOT)

Definition:

The second largest futures exchange in the US, and a pioneer in the development of financial futures and options. CBOT merged with Chicago Mercantile Exchange (CME) in July 2007 and is now operated as a unit of the CME group.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

FLEX Options

Exchange traded equity or index options, where the investor can specify within certain limits the terms of the options, such as exercise price Expiration date, exercise type, and settlement... Read More

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