The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is CHICAGO BOARD OF TRADE (CBOT)

An exchange for the trading of futures and option contracts on agricultural commodities, financial products, and industrial and precious metals. The CBOT began in 1848 as an open outcry auction for agricultural products. Today, it is a trading system for more than 50 different products that is fully electronic and that has a live auction system.

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