KCBT


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KCBT

Kansas City Board of Trade

A derivatives exchange based in Kansas City on which commodities, futures, and options are traded. Primarily, the exchange trades derivatives related to hard red winter wheat, which is a primary ingredient in bread and an important agricultural product in the area. Additionally, in 1982, the KCBT became the first exchange to offer an index futures on a stock exchange when it introduced Value Line futures. It was established in 1856 and is regulated by the CFTC.
References in periodicals archive ?
In May 2016, another major episode of non-convergence began for the KCBT wheat futures contract.
In addition to the price, KCBT will make a special distribution of excess cash to its members at closing of the deal with CME.
CME Group has pledged to keep for at least three years a committee of KCBT market participants to advise on HRW wheat contract terms and conditions and to maintain the KCBT trading floor in Kansas City for a minimum of six months.
Completion is expected later in 2012, subject to the approval of KCBT's shareholders and regulators, including the receipt of the Hart-Scott-Rodino (HSR) clearance.
He had been with the KCBT for nearly four years, after serving for 20 years with the National Grain Trade Council.
Spokespersons/titles: Bob Petersen, president; Shelia Summers, VP marketing; KCBT floor traders.