CBOT (Chicago Board of Trade), founded in 1848, is a leading futures and options exchange. More than 3,600 CBOT members buy and sell 50 different futures and options products through the open outcry and electronic trading system of the Exchange. In 2003, the turnover of this exchange reached a record 454 million contracts.
There are also e-miNY energy futures, some light and low-sulfur crude oil and natural gas futures contracts listed on the New York Mercantile Exchange Crude Oil Exchange, which provide opportunities for small investors and businessmen as an effective means to participate in the energy market. The contract is traded through the GLOBEX electronic trading system of the Chicago Mercantile Exchange and cleared through the clearing house of the New York Mercantile Exchange.
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The first stock exchange in the world;
AEX Amsterdam Stock Exchange was born in Amsterdam, the Netherlands on 1609, becoming the first stock exchange in the world history. The Bank of Amsterdam was also born in this year, about 100 years earlier than the Bank of England.
The first joint-stock company that can be listed and traded is the Dutch East India United Company. 1602 the Dutch joint east India company was established, which is the first joint-stock company in the world. By financing the whole society, the East India Company successfully transformed the scattered wealth of society into its own capital for external expansion.
The purpose of establishing the East India Company was to send merchant ships to Nanyang in exchange for goods that were not available in Europe at that time, such as porcelain, spices and textiles. These goods could be sold at high prices in Europe at that time, but no one could provide huge sums of money to prepare the fleet for sailing and trade.
Therefore, people raise the needed funds by issuing stocks. For those who buy shares of the East India Company, profits can be paid in the form of gold, currency or payment for goods.
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