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.
CBOT, the Chicago Board of Trade, KCBOT, KCBT and Kansas City Board of Trade are trademarks of the Board of Trade of the City of Chicago, Inc.
CME Group to Acquire Kansas City Board of Trade CHICAGO and KANSAS CITY, October 17, 2012 CME Group, the world s leading and most diverse derivatives marketplace, and the Kansas City Board of Trade, the leading futures market for hard red winter (HRW) wheat, today announced they have signed a definitive agreement under which CME Group will acquire the Kansas City Board of Trade (KCBT).
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.