World’s Largest Futures and Options Data Provider
2 min readTo date, the title of world’s largest futures goes to Chicago Board of Trade (CBOT). Founded in 1848, the CBOT is the oldest futures and options exchange with its building located in the busy streets of Illinois.
It started out with 82 Chicago merchants and started out as a grain cash market. It was intended for agricultural commodities such as soybeans, corn and wheat. But during the past few decades, CBOT evolved to be an open auction market where merchants meet and trade in a pit using hand signals to execute trades. Today, CBOT is known for its name as the “BOT” has a normal trading session between 9:30 am to 1:15 pm, Monday to Friday and for post-market session which is from 6:00 pm to 6:00 am, Sunday to Friday.
The post-market session is exclusively for electronic trading sessions. In putting hard-earned capital on futures such as the CBOT, one must be well equipped with an accurate futures options data for the real-time market position of the commodity to ensure his or her profit. In a futures option, the buyer has the right and the seller has the obligation. The buyer acquires only the right to purchase a commodity at a specified right, but he or she has no obligation to purchase it. With such trade, the risk is quantified; hence, there is a need for precise futures options data. A person planning to engage in the futures options data must keep in mind that past data has no bearing with the future results and therefore he or she must handle the risk effectively.
