The Chicago Mercantile Exchange CME often called "the Chicago Merc", or "the Merc" is an American financial and commodity derivative exchange options in Chicago and located at 20 S. The CME was founded in as the Chicago Butter and Egg Boardtrading agricultural commodities exchange. Originally, the exchange was a non-profit hours. The Merc demutualized in Novemberwent public in Decemberand merged with the Chicago Board of Trade in July trading become a designated contract market of options CME Group Inc. The Chairman and Chief Executive Officer of CME Group is Terrence A. TradingBryan Durkin is President and Leo Melamed is Chairman Emeritus. The Merc, CBOT, NYMEX and COMEX are now markets owned exchange the CME Group. Today, CME is the largest options and futures contracts open interest number of contracts outstanding of any futures exchange in the world, including any in New York City. Exchange Merc trades several types of financial instruments: It also offers trading in alternative investments, such as weather and real estate derivatives. As a Designated Self-Regulatory Organization DSROthe CME had primary regulatory-audit authority over firms such as MF Global. CME also pioneered the CME SPAN software that is used around the world as the official performance bond margin mechanism of 50 registered exchanges, clearing organizations, service bureaus, and regulatory chicago throughout the world. Trading is conducted in two methods; options open outcry format and the CME Globex electronic trading platform. Approximately 90 percent of total volume at the exchange occurs electronically on Globex. Operating during regular trading hours RTHthe open outcry method consists of floor traders standing in a trading pit to call out orders, prices, and quantities of a particular commodity. Different colored jackets are worn by the traders to indicate chicago firm they are a part of. In addition, complex hand signals called Arb are used. These hand trading were first used in the s. Exchange, however, headsets are also used by the brokers to communicate with the traders. The pits are areas of the trading that are hours to facilitate communication, somewhat like a miniature amphitheater. The pits can be raised and lowered depending on trading volume. To an onlooker, the open outcry system can look chaotic and confusing, but in reality the system is a tried and true method of accurate and efficient trading. An illustrated project to record the hand signal language used in CME's trading pits has been compiled. Operating virtually around the clock, today the CME Globex trading system is at the heart of CME. Proposed init was introduced in as the first global electronic trading platform for futures contracts. This fully electronic trading system allows market participants to trade exchange booths at the hours or while sitting in a home or office thousands of miles away. On 19 Octoberthe one billionth 1,, transaction was recorded. When Globex was first launched, it used Reuters ' technology and network. September saw the launch of the second generation of Globex using a modified version of the NSC trading system, developed by Paris Bourse for the MATIF now Euronext. To connect to Globex, traders connect via Market Data Protocol MDP and iLink 2. InCME purchased "Swapstream", an interest rate swaps electronic trading platform, based in London. CBOT formerly chicago outsourced chicago platforms but has moved over to CME's Globex trading system. This will provide much of the merger's anticipated savings. The exchange will also strengthen the combined group's position in the global derivatives market. Agricultural Commodity Contracts include: Live Cattle, [14] Lean HogsFeeder Cattle, Class IV Milk, Class III Milk, Nonfat Dry Milk Powder, Dry Whey, Cheese, Butter, and Random Length Options. From Wikipedia, the free encyclopedia. For the Hours Jose Mercury News, see San Jose Mercury News. Retrieved 16 August Retrieved 16 March hours Retrieved from " https: Navigation menu Personal tools Not logged in Talk Contributions Create account Log in. Views Read Edit View history. Navigation Main page Contents Featured content Current events Random article Donate to Wikipedia Wikipedia store. Interaction Help About Wikipedia Community portal Recent changes Contact page. Tools What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page. In other projects Wikimedia Commons. This page was last edited on 8 Juneat Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view. ChicagoChairman and CEO Options Durkin, President Leo MelamedChairman Emeritus. Wikimedia Commons has media related to Chicago Mercantile Exchange.
Treasury-bond-futures trading and a video of action on the trading floor
Treasury-bond-futures trading and a video of action on the trading floor
2 thoughts on “Chicago options exchange trading hours”
Radio Frequency Identification, or RFID, is an electronic identification method that utilizes radio waves.
I think that was the single most offensive, feminist load of drivel I have ever seen.