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.

Investing Essentials


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

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Distressed securities

A security of a firm that has declared or is about to declare bankruptcy. In the context of hedge funds, a style of management that focuses on securities of companies that have declared bankruptcy... Read More

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