Done By: Priyanka jain Debdoot Mukherji Jayanandhini

Started in 1848 For standardizing the quantities and qualities of grains First 120 years, offered trading in contracts on commodities such as agricultural goods and metals. Later, first forward contract called to-arrive contract was developed

To-arrive contracts proved to be a curious

instrument

1874- The Chicago Butter and Egg Board formed 1920s- the clearinghouse was established 1972- led to formation IMM

1975- First interest rate futures contract 1976- First futures contract on a government security In 1977- US Treasury Bond Futures In 1981-Eurodollar futures By 1990-Eurodollar contract most actively traded

1980- Stock index futures contract - pin-stripe pork bellies 1982-CBOT attempted to start a contract on the Dow Jones Average Later-Created a similar contract called Major Market Index which eventually failed 1990s-Dow Jones began licensing other averages & creating new market averages

2002- Individual stock futures 2003- record breaking volumes 454 million contracts 2005- October 18th, CBOT transformed from a non-profit organization to a for-profit organization

2007- 12th July,CBOT merged with CME

2012 introduced Electronic transfer Till then, Trading at Pits through open outcry