Chapter5 The Variety of Futures Markets
Chapter 5 The Variety of Futures Markets
CBOT Even though the CBOT was established in 1848,a formal set of rules for trading futures contracts was not written until 1865,which is a more accurate date from which to mark the beginning of futures trading in the United States
◼ Even though the CBOT was established in 1848, a formal set of rules for trading futures contracts was not written until 1865, which is a more accurate date from which to mark the beginning of futures trading in the United States. CBOT
Chicago Mercantile Exchange(CME) The CME was established in 1919. -It traded futures in eggs,butter,cheese,potatoes, and onions until 1945
Chicago Mercantile Exchange (CME) ◼The CME was established in 1919. ◼It traded futures in eggs, butter, cheese, potatoes, and onions until 1945
Proliferation of Futures Markets Futures and futures options trading has been growing steadily in volume yearly. This explosive growth has been a natural response to increased price volatility, international instability,growing consumer demand,and unstable global weather conditions
Proliferation of Futures Markets ◼ Futures and futures options trading has been growing steadily in volume yearly. ◼ This explosive growth has been a natural response to increased price volatility, international instability, growing consumer demand, and unstable global weather conditions
Hurricane Jeanne Satellite image (September 26,2004)shows Hurricane Jeanne as the once- powerful storm weakened to a tropical storm while inland in Florida. Hurricane Jeanne peeled off roofs,snapped power lines and left large swaths of coastline knee-deep in water Sunday as it plowed through parts of Florida
Hurricane Jeanne Satellite image (September 26, 2004) shows Hurricane Jeanne as the oncepowerful storm weakened to a tropical storm while inland in Florida. Hurricane Jeanne peeled off roofs, snapped power lines and left large swaths of coastline knee-deep in water Sunday as it plowed through parts of Florida