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What is the Chicago Board of Trade (CBOT)?

The Chicago Board of Trade is the oldest operating futures and options exchange in the world. Established in 1848 as a trading floor for grain merchants in Chicago, by 1859, the CBOT was granted a charter from the state legislature in Illinois and grew into a prominent agricultural futures market.

Are there margin requirements to trade on CBOT & CME?

There are margin requirements to trade on the CBOT and CME and you are required to deposit a margin with the respective exchange. Trades are performed electronically on the CBOT and CME. Both the CBOT and CME are clearinghouses as well. Settlement is conducted at the respective exchange.

What is the difference between CBOT and CME Group?

The two focused on different types of investments and operated under different formats until they merged in 2006, becoming CME Group. The CBOT was traditionally an agricultural futures market, before adding financial futures in the 1970s. Today, the CBOT also offers trading in precious metals, government debt, and energy stocks.

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