Origin
The Chicago Board of Trade opened in 1848 to standardise grain forwards. Financial futures arrived in 1972 with the CME's currency contracts; equity-index futures in 1982. The pit-trading culture seeded the modern HFT industry.
Who works here
- CME Group, Cboe Global Markets
- Citadel and Citadel Securities (originally Chicago, partly relocated)
- Prop firms: Jump, DRW, Optiver, IMC, Tower, Belvedere, Geneva Trading
- Northern Trust, Mesirow, William Blair, Morningstar
Landmarks
- CME Group Center (20 South Wacker)
- Cboe Global Markets (433 W Van Buren)
- Chicago Board of Trade Building (141 W Jackson)
- Willis Tower (Sears Tower)
Primary exchange
CME Group / Cboe· CME
Three indices a local would build
Open the prompt box pre-filled with one of these and turn it into a transparent, rule-based index in under a minute.
- A volatility-targeting index: 60% S&P 500, scaled up or down so realised vol equals 12%.open in builder →
- An index of every US-listed exchange operator (CME, ICE, Cboe, NDAQ).open in builder →
- A trend-following commodity index: equal-weighted long positions in WTI, gold, copper, and soybeans when each is above its 200-day average.open in builder →
