Kansas City Board of Trade

Kansas City Board of Trade
KCBT
TypeCommodity futures and options exchange
LocationKansas City, Missouri, United States
Founded1856 (as a chamber of commerce)
1876 (formal charter)
OwnerCME Group
CurrencyUSD
CommoditiesHard-red winter wheat
IndicesValue Line Composite Index
Websitewww.kcbt.com
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Kansas City Board of Trade, on West 48th Street (2008)

The Kansas City Board of Trade (KCBT), was an American commodity futures and options exchange regulated by the Commodity Futures Trading Commission. Specializing in the hard-red winter wheat contract, it was located at 4800 Main Street in Kansas City, Missouri.

On October 17, 2012, CME Group announced it would acquire the exchange for $126 million in cash.[1] Under the terms, the Kansas City trading floor remained open for at least six months.[2] KCBT market participants were to advise CME for at least three years.[2] The trading floor was consolidated with the Chicago operations in June 2013 and ceased operation in Chicago on July 2, 2015.[3]

  1. ^ "Kansas City Board of Trade agrees to $126M sale to CME Group". Kansas City Business Journal. 17 October 2012.
  2. ^ a b Dornbrook, James (3 December 2012). "CME Group wraps up $126M acquisition of Kansas City Board of Trade". Kansas City Business Journal.
  3. ^ "CME to close Kansas City trading floor in June". Chicago Tribune. 4 February 2013. Retrieved 2020-06-03.