Electronic quotation: (Monday to Friday, Beijing time 10: 30-20: 00) (Sunday to Friday, Chicago time, 20: 30-06: 00)
Time: Chicago/Beijing-14 hour (Beijing time = Chicago time+14 hour)
American legal holidays
① New Year (65438+1 October1)
② President's Day (the third Monday in February)
(3) War Memorial Day (last Monday in May)
(4) American Independence Day (July 4th)
⑤ Labor Day (the first Monday in September)
⑥ Thanksgiving Day (165438+1last Thursday in October)
⑦ Christmas (65438+February 25th)
1, the main trading method of CBOT is open outcry trading, that is, traders buy and sell futures contracts face to face in the trading hall. However, in order to meet the demand of global economic growth, CBOT successfully launched the first electronic trading system on 1994. In recent ten years, with the increasing popularity of electronic trading, the exchange has upgraded the electronic trading system several times. On June 5438+ 10, 2004, CBOT launched another new electronic trading system, which was supported by the leading London International Financial Futures Exchange. While CBOT introduced the new trading system, the exchange also completed the conversion of clearing business. The Chicago Mercantile Exchange (CME) began to provide clearing and related business services for all CBOT products in June 2004. CME/CBOT*** combines two dominant financial institutions with the clearing network, which improves the efficiency of business, margin and capital, and benefits the commission merchants and the end users of futures products.
2. The main function of 2.CBOT is to provide customers with a transparent and mobile contract market, whether it is electronic transaction or public bidding. The role of this market is price discovery, risk management and investment. Farmers, companies, small business owners, financial service providers, international trade institutions and other individuals or institutions can manage price, interest rate and exchange rate risks through a process called hedging. Hedging is an operation to hedge the inherent price risk of spot market positions by holding equal but opposite positions in the futures market. Hedgers use CBOT futures market to protect their business, so as to avoid the adverse impact that adverse price changes may have on their earnings.