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The Chicago Board of Trade (CBOT) is a commodity exchange established in 1848.

The Chicago Board of Trade originally traded only agricultural commodities such as wheat, corn, and soybeans.

Now it offers options and futures contracts on a wide range of products including gold, silver, U.S. Treasury bonds, and energy.

The Chicago Board of Trade was originally solely an open-outcry trading platform, where human traders met to haggle and agree on a market price for a commodity.

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