The Chicago Mercantile Exchange, or Merc, is an organized exchange for trading futures and options.
The CME was originally called the Chicago Butter and Egg Board and was used to trade agricultural products such as wheat and corn.
In the 1970s, the CME added financial futures, which were soon followed by precious metals, treasury bonds and other assets.
In 2007, CME merged with the Chicago Board of Trade to create the CME Group, one of the world’s largest financial exchange operators. CME Group now owns several more exchanges in different cities.
Currently, CME is also known for trading unusual commodities such as bitcoin futures and weather derivatives.
Agribusiness is a combination of the words “agriculture” and “business” and refers to any business related to agriculture and commercial activities related to agriculture.
Automated Account Transfer Service (ACATS) can be used to transfer stocks, bonds, cash, mutual funds, mutual funds, options, and other investment products.
Cash and carry arbitrage seeks to exploit pricing inefficiencies between the spot and futures markets for an asset by going long on the spot market and going short on the futures contract.
The dealer market is a transparent financial market mechanism in which several dealers publish the prices at which they are willing to buy or sell a particular security.
Documentary collection is a method of trade finance in which the exporter’s bank sends documents to the importer’s bank and receives payment for the shipped goods.