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Futures Exchange

Definition: Futures Exchange

Futures Exchange

Noun

1. A commodity exchange where futures contracts are traded.

Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.

Synonym: Futures Exchange

Synonym: futures market (n). (additional references)

Specialty Definition: Futures exchange

(From Wikipedia, the free Encyclopedia)

Definition of Futures Exchange

History of Futures Exchanges

Though the origins of futures trading can be supposedly traced to Ancient Greek or Phoenician times, the history of modern futures trading begins in the Chicago, United States in the early 1800's. Chicago was located at the base of the Great Lakes, close to the farmlands and cattle country of the U.S. Midwest, making it a natural centre for transportation, distribution and trading of agricultural produce. Gluts and shortages of these products caused chaotic fluctuations in price. This led to the development of a market enabling grain merchants, processors, and agriculture companies to trade in "to arrive" or "cash forward" contracts to insulate them from the risk of adverse price change.

In 1848, the Chicago Board of Trade (CBOT), the world's first futures exchange, was formed. Trading was originally in "forward contracts"; the first contract (on corn) being written on March 13, 1851. In 1865, standardized "futures contracts" were introduced.

The Chicago Produce Exchange was established in 1874, re-named in 1898 the Chicago Mercantile Exchange (CME). In 1972 the International Monetary Market (IMM), a division of the CME, was formed to offer futures contracts in foreign currencies: British pound, Canadian dollar, German mark, Japanese yen, Mexican peso, and Swiss franc.

Later in the 1970's saw the development of the financial futures contracts, which allowed trading in the future value of interest rates. These (in particular the 90-day Eurodollar contract introduced in 1981) had an enormous impact on the development of the interest rate swap market.

Today, the futures markets has far outgrown its agricultural origins. The trading and hedging of financial products using futures dwarfs the traditional commodity markets, and plays a major role in the global financial system.

Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Futures exchange."

Synonyms within Context: Futures Exchange

Context	Synonyms within Context (source: adapted from Roget's Thesaurus).
Mart	Commodities exchange, futures exchange, futures market.
Source: adapted from Roget's Thesaurus.

Crosswords: Futures Exchange

Specialty definitions using "futures exchange": Futures price ♦ Options contracts, futures ♦ Warehouse receipt. (references)

Non-Fiction Usage: Futures Exchange

Subject	Topic	Quote
Economic History	Hong Kong	The Hong Kong Futures Exchange Ltd. provides a market for Hang Seng Index futures and options. (references)
	Australia	Sydney is a strong financial center in the region, home to the Reserve Bank of Australia, the Australian Stock Exchange and the Sydney Futures Exchange. (references)
	South Africa	As a final ease-of-transfer measure, in July 2001, the South African Futures Exchange (SAFEX) was incorporated within the JSE allowing purchase of equities and derivatives from the same exchange. (references)
Political Economy	TAIWAN	Taiwan enacted a Futures Exchange Law in March 1997; a futures market was established in July 1998. The Securities and Exchange Law was amended in May 1997 to remove restrictions on the employment of foreigners by securities firms, effective upon Taiwan's accession to the WTO. (references)
Trade	Switzerland	Eurex: formed by the merger of the Swiss Options and Financial Futures Exchange (SOFFEX), and the German Futures and Options Exchange (DTB), created a global leader in derivatives trading. (references)
Source: compiled by the editor from ICON Group International, Inc.; see credits.

Expression: Futures Exchange

Expression using "futures exchange": commodity futures exchange. Additional references.
Source: compiled by the editor from various references; see credits.

Modern Translation: Futures Exchange

Language		Translations for "futures exchange"; alternative meanings/domain in parentheses.
French		Sydney futures exchange (Sydney futures exchange). (various references)

German		warenterminbörse (commodity futures exchange). (various references)

Pig Latin		uturesfay exchangeay
Source: compiled by the editor from various translation references.

Anagrams: Futures Exchange

Scrabble® Enable2K-Verified Anagrams
	Words within the letters "a-c-e-e-e-f-g-h-n-r-s-t-u-u-x"
	-5 letters: exchangers.
Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.

Alternative Orthography: Futures Exchange

Hexadecimal (or equivalents, 770AD-1900s) (references)

46 75 74 75 72 65 73 45 78 63 68 61 6E 67 65

Leonardo da Vinci (1452-1519; backwards) (references)

Binary Code (1918-1938, probably earlier) (references)

01000110 01110101 01110100 01110101 01110010 01100101 01110011 00100000 01000101 01111000 01100011 01101000 01100001 01101110 01100111 01100101

HTML Code (1990) (references)

&#70 &#117 &#116 &#117 &#114 &#101 &#115 &#32 &#69 &#120 &#99 &#104 &#97 &#110 &#103 &#101

ISO 10646 (1991-1993) (references)

0046 0075 0074 0075 0072 0065 0073 0045 0078 0063 0068 0061 006E 0067 0065

Encryption (beginner's substitution cypher): (references)

4087868784718523990697467807371

INDEX

1. Definition
2. Synonyms
3. Crosswords
4. Quotations: Non-fiction

5. Expressions
6. Translations: Modern
7. Anagrams
8. Orthography

9. Bibliography

Copyright © Philip M. Parker, INSEAD. Terms of Use.