Kansas City Board of Trade
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| Kansas City Board of Trade | |
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| KCBT | |
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| Type | Commodity futures and options exchange |
| Location | Kansas City, Missouri, United States |
| Founded | 1856 (as a chamber of commerce) 1876 (formal charter) |
| Currency | USD |
| Commodities | Hard-red winter wheat |
| Indexes | Value Line Composite Index |
| Website | kcbt.com |
The Kansas City Board of Trade (KCBT), is an American commodity futures and options exchange regulated by the Commodity Futures Trading Commission. Specializing in the hard-red winter wheat, it is located at 4800 Main Street in Kansas City, Missouri.
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[edit] History
The exchange was organized in 1856, shortly after Kansas City itself was incorporated in 1853, and served as the city's chamber of commerce. It was formally chartered in 1876; among the exchange's founders was Edward H. Allen.
It was originally located at 8th and Wyandotte Streets. In 1925, the exchange moved to 10th and Wyandotte Streets and in 1966, it moved to it's present location at 48th and Main Streets on the Country Club Plaza.
[edit] Operations
The primary products traded at the exchange are futures contracts on hard red winter wheat – the principal ingredient of bread – as well as options derived from these. Because of its nutritional value, the hard red winter wheat usually trades at a premium to the Chicago Board of Trade's soft red winter wheat. The exchange facilitates the transfer of ownership of the futures and options contracts through the open outcry system.
In 1982, the exchange introduced Value Line futures, making it the first exchange offering a stock index futures contract. Options on Value Line futures were introduced in 1992. As of December 12, 2004, the Value Line futures began traded solely through an electronic-trading platform. Value line futures have since been de-listed.
[edit] Tours
Tours, available by appointment on trading-day mornings, enable visitors to learn about commodities futures and to watch trading activity from the gallery.
[edit] See also
- List of futures exchanges
- List of traded commodities
- Value Line Composite Index, traded on the futures market at the Kansas City Board of Trade
[edit] External links
- kcbt.com, exchange's official website
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- 20th century in economics
- 20th century in the United States
- 21st century in economics
- 21st century in the United States
- Commodity exchanges in the United States
- Economy of Kansas City, Missouri
- Futures exchanges
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- Organizations established in 1856
- Organizations established in 1876
- Visitor attractions in Kansas City, Missouri
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