The Law Dictionary

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CHICAGO BOARD OF TRADE (CBOT) Definition & Legal Meaning

Definition & Citations:

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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