News Lines
- On August 1, 1974, trading at The Chicago Board of Trade was halted after an anonymous caller said a bomb had been placed in the building.
- On October 22, 1981, trading was halted on the Chicago Board of Trade and the Philadelphia Stock Exchange after anonymous callers said bombs had been placed in those buildings.
- On August 1, 2006, the CBOT launched side-by-side trading for agricultural futures. Orders can now be traded electronically or placed by pit traders using open outcry, creating a single pool of liquidity.
- On October 17, 2006, the Chicago Mercantile Exchange announced the purchase of the Chicago Board of Trade for $8 billion in stock, joining the two financial institutions as CME Group, Inc. CBOT currently uses outsourced technology platforms, but will move to CME's Globex trading system. This will provide much of the merger's anticipated savings. The merger will also strengthen the combined group's position in the global derivatives market.
- On July 9, 2007 CBOT Shareholders approve merger with the Chicago Mercantile Exchange "creating the largest derivatives market ever."
Read more about this topic: Chicago Board Of Trade
Famous quotes containing the words news and/or lines:
“‘What news, what news, my proud young porter,
What news, what news has thou brought to me?’”
—Unknown. Young Beichan (l. 57–58)
“I struck the board, and cried, ‘No more,
I will abroad!
What? shall I ever sigh and pine?
My lines and life are free, free as the road,
Loose as the wind, as large as store.
Shall I be still in suit?”
—George Herbert (1593–1633)