The Chicago Board of Trade (CBOT), established in 1848, is the world's oldest commodity for trading in futures and options. CBOT, as a leading exchange for trading of derivatives products, trades more than 50 different futures and options by over 3,600 CBOT members through open outcry auction and / or eTrading. Volumes at the exchange in 2003 was a record breaking 454 million contracts.
On 12 July 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) under the CME Group holding company. CBOT and three other Exchanges (CME, NYMEX, and COMEX) now operate as Designated Contract Markets (DCM) of the CME Group.
Additional meaning of Chicago Board of Trade:
An futures and options exchange that trades more than 50 different options and futures contracts on agricultural commodities, financial products, industrial and precious metals.