The Chicago Butter and Egg Board[1] (http://www.cme.com/about/ins/caag/history%202801.html), founded in 1898, was a spin-off entity of the Chicago Board of Trade (CBOT). In the year 1919, it was re-organized as a Chicago Mercantile Exchange (CME). Roots to the Chicago Butter and Egg Board are traceable to 1800s. 1898 was a common year starting on Saturday (see link for calendar). ... The Chicago Board of Trade (CBOT), established in 1848, is the worlds oldest stock exchange for trading in futures and options. ... 1919 was a common year starting on Wednesday (see link for calendar). ... President George W. Bush at CME (March 6, 2001). ... 1800 was a common year starting on Wednesday (see link for calendar). ...

At the initial state, The Chicago Butter and Egg Board traded only two types of contracts - contracts of Butter and Eggs. Over several decades, it evolved into Chicago Mercantile Exchange (CME or Merc) which now trades futures on over 50 products, as diverse as from pork bellies to eurodollars and Index futures. A futures contract is a form of forward contract, a contract to buy or sell an asset of any kind at a pre-agreed future point in time, that has been standardised for a wide range of uses. ... Pork bellies are the underside of the hog, from which bacon is made. ... Eurodollar may refer to: Eurodollars: deposits denominated in United States dollar at banks outside the United States. ...

See also

• Chicago Board of Trade
• Chicago Mercantile Exchange