Operating during regular trading hours (RTH), the CBOT trading floor contains many such pits. The steps up on the outside of the octagon and the steps down on the inside give the pit something of the appearance of an amphitheater, and allow hundreds of traders to see and hear each other during trading hours.

CBOT "The Pit" in 1908 Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders. [2] The part of the trading floor where this takes place is called a pit.

2025年2月20日 · The CBOT trading pit functioned as a centralized marketplace where traders executed futures and options contracts through open-outcry. Participants stood in a tiered, …

After the CBOT and CME merged in 2007, they combined trading floors at that location, closing CME's pits on Wacker Drive. In the latter decades of the 20th century, the trading floors teemed...

Operating during regular trading hours (RTH), the CBOT trading floor contains many such pits. The steps up on the outside of the octagon and the steps down on the inside give the pit something of the appearance of an amphitheater, and allow hundreds of traders to see and hear each other during trading hours.

The Pit is the physical trading platform where CBOT traders conduct transactions using the open outcry method of trading. Traders and brokers use shouting and certain hand signals to indicate buy or sell intentions.

2025年2月4日 · The Chicago Board of Trade (CBOT) began as a voluntary association of prominent Chicago grain merchants. By 1858 access to the trading floor, known as the “pit,” was limited to members with seats on the exchange, who …

2020年11月13日 · CBOT traders buy and sell contracts by bidding or offering a price and a quantity of contracts. For most of the CBOT’s life, trading took place via open outcry in one of its many octagonal trading pits. The traders in the pit announce the number of contracts they want to buy or sell and the price they want to pay or receive.

2016年3月1日 · The pits dated back to 1848 when the Chicago Board of Trade (CBOT) established what would become the world’s first futures exchange. So-called “futures” contracts derived their name from their function — they were agreements between grain farmers and merchants to exchange a certain amount of grain at a future date for a particular price.

2011年3月4日 · Random bits of history and artifacts from open outcry futures pit trading. Here's a photo from 1995 of the 30 year bond pit in the CBOT's old financial room.