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(CBOT) was established in 1848 as the world's oldest futures and options exchange. In 1864 the CBOT listed the first ever standardized "exchange traded" forward contracts, which were called futures contracts. More than 50 different options and futures contracts are traded by over 3600 CBOT members through open outcry and e-Trading.
 
 (CME) is an American financial exchange based in Chicago, was founded in 1898. CME has the largest options and futures contracts open interest of any futures exchange in the world. In July 2007 CME merged with the Chicago Board of Trade to become CME Croup Inc.
 
 
(KCBT) is a commodity futures and options exchange regulated by the commodity futures trading commission CFTC
 
 
(NYBOT) The New York Board of Trade is a physical commodity futures exchange located in New York City. An independent agency of the United States, It originated in 1870 as the New York Cotton Exchange NYCE.
 
 
(CFTC) is an independent agency of the United States Government. The stated mission of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.
 
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