Open outcry was the rule for nearly 150 years at the world's oldest futures exchange. In 2007, that all changed when the Chicago Mercantile Exchange merged with the Chicago Board of Trade to form the CME Group. http://www.iptv.org/mtom
Views: 10822 IowaPublicTelevision
A peek into the Chicago Mercantile Exchange, where cattle futures stand in for cattle. Subject Areas: ■ Economics ■ Business ■ Financial Literacy Topics: ■ Chicago Mercantile Exchange ■ Money ■ Futures Trading Want more great FREE educational stuff to go with this video? Head over to ➡️ https://www.izzit.org and use our online quizzes, teacher tools and find additional educational resources and more! Check out our Facebook page here: https://www.facebook.com/izzit Visit our other educational programs here: https://www.izzit.org/products/index.php Make sure you enroll as an izzit.org member to receive your FREE teacher resources, click here to sign up now: https://www.izzit.org/join/index.php You can Tweet at us here: https://twitter.com/izzit_org
Views: 330 izzitEDU
Also available with bonus features on DVD & Blu-ray through our website, FLOOREDmovie.com. This is the full film for your viewing pleasure, Enjoy! A world that's more riot than profession, the trading floors of Chicago are a place where gambling your family's mortgage is all in a day's work. FLOORED offers a unique window to this lesser-known world of finance. Traders may not have degrees, but they've got guts, and penchant for excess. But like many aspects of our economy, technology is changing their business, and these eccentric pit denizens aren't the type to take kindly to new tricks. Computerized trading may take the emotion out of the job, but it may also take these old-timers out- they are dinosaurs in a young man's game. FLOORED is a gripping, honest look behind the curtain of the trading floor that few have ever seen.
Views: 215961 flooredmovie
The commodities futures pits in Chicago and New York where thousands of traders used to use hand signals to buy and sell everything from pork bellies to grains closed after the bell on July 6. Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 36886 Wall Street Journal
A short history of the Chicago Board of Trade.
Views: 5060 CME Group
From 1992 to 2001. PART 1 ** Chicago's CME TRADING PITS. Dedicated to: Murph, Jimmy L, Billy H, Terry M, Tom R, Ryan F, IL DUCE, Ed S, Billy G, Mike H, Linda C, Gerry P, Joe R, Bill P, RLAS, ZWIT, Bone, Joe V, N Ryan, Nicky W, Laura, Lorraine, Kim, Tom L, and all the others that made that place THE BEST OF TIMES, THE WORST OF TIMES. 11:51
Views: 1463 bonzoleum
http://www.chicagofilmfestival.com/film/futures-past/ Filmmaker Jordan Melamed returns to his former career as the pits at the Chicago Mercantile Exchange are being silenced by computer trading only to fall headlong into conflict with his father Leo Melamed, Chairman Emeritus of the CME. Nearly 10 years in the making, Futures Past deftly examines the importance of human contact, whether in families or in “the pits.” Directed by Jordan Melamed Produced by Doug Block. Official website: http://bit.ly/2dd50zy Facebook: http://bit.ly/2dZIM2o
Views: 8221 Futures Past Movie
CME Group is the largest and most diverse exchange in the world, with over 250 years of experience improving the way markets perform, enterprises do business, and economies grow. It's also a great company to invest in with a great dividend. www.cmegroup.com
Views: 5933 CapitalistPig1776
This is what many envision when they think of a trading floor like the New York Mercantile Exchange (NYMEX); however, the day-to-day life of a floor trader has changed drastically from the old days as electronic trading becomes the new norm. Jeff Grossman, President of BRG Brokerage Inc., has been working on the floor of NYMEX just about longer than anyone and has seen first-hand how the exchange has gone from a roaring trading floor, to what is now just a small band of traders who are losing their voice to electronic trading. What began as the Butter and Cheese Exchange in 1872 evolved to the New York Mercantile Exchange in 1882: the world's largest physical commodity futures exchange and a preeminent forum for energy and metals trading. NYMEX once held a virtual monopoly on commodity trading, but in the early 2000s the electronically based exchanges, such as the Intercontinental Exchange, Inc. (ICE), started taking away the business of the open outcry markets. Although executives at NYMEX felt that electronic trading was the only way to keep the exchange competitive, most open outcry traders were against it because it threatened their jobs. In 2006, NYMEX teamed up with the Chicago Mercantile Exchange to use the CME Globex electronic trading platform, which made CME the exclusive electronic trading services provider for NYMEX's energy futures and options contracts through 2016. CME Group Inc. (NASDAQ: CME), which also owns the Chicago Mercantile Exchange and Chicago Board of Trade, acquired NYMEX Holdings, Inc. in 2008. Since then, the trading pits have emptied out as mostly computers are now performing the bids. Grossman is one of the few traders trying to preserve the open outcry system.
Views: 12773 IBTimesTV
Understand the CME Liquidity Tool, based on the electronic limit order book and constructed from CME Globex messages. Subscribe: https://www.youtube.com/subscription_center?add_user=cmegroup Learn more: https://institute.cmegroup.com/ CME Group: http://www.cmegroup.com/ Follow us: Twitter: http://twitter.com/CMEGroup Facebook: http://www.facebook.com/CMEGroup Topic: Liquidity
Views: 410 CME Group
"To learn about the evolution of why the first futures and forwards exchanges were created and how these apply to the grain market. Subscribe: https://www.youtube.com/subscription_center?add_user=cmegroup Learn more: https://institute.cmegroup.com/ CME Group: http://www.cmegroup.com/ Follow us: Twitter: http://twitter.com/CMEGroup Facebook: http://www.facebook.com/CMEGroup Topics: CME Group, CME, CBOT, NYMEX, COMEX, Board of Trade, futures, options, trading , grain exchange, produce exchange, butter and egg board, chicago mercantile exchange"
Views: 2642 CME Group
“Gurksy’s work engages you with monumental scale. It allows viewers to insert themselves into the scene he has choreographed in front of you but also to take a position as a viewer from above, looking own on the scene with a god-like perspective on the work. He captures the human-ness, but still retains a very objective composition." Phillips' Deputy Chairman of Europe & Asia Matt Carey-Williams presents Andreas Gursky 'Chicago, Mercantile Exchange', 1997 to be offered in our Contemporary Art Evening Sale on 29 June in London. See this work: phillips.com/detail/ANDREAS-GURSKY/UK010415/17 Produced by Phillips (2015)
Views: 992 Phillips
Director Jon Else explores this hectic, noisy, seemingly chaotic workplace with his signature style -- eschewing narration in favor of long, real-time shots that bring the viewer right into the heart-stopping action of the trading floor. He reveals the traders' sudden wealth, sudden disaster, and grace under pressure as they exchange billions of dollars in futures and options contracts - for cattle, pork bellies, Eurodollars and the Nasdaq-100 futures. Also revealed is the endangerment of the open outcry trading system as the digital revolution replaces it at many of the world's financial exchanges. For more information, go to www.directcinema.com
Views: 82730 directcinemalimited
The cattle futures market illustrates Hernando de Soto’s point that in the West, people trade in symbols, or representations of value. To learn more about Markets Without Borders, the full program, go to http://www.izzit.org/products/detail.php?video=markets_without_borders. Subject Areas: ■ Business / Family & Consumer Science ■ Economics ■ World History / Geography Topics: ■ Capitalism ■ East African Culture ■ Entrepreneurship ■ Globalization ■ Poverty and Prosperity ■ Property Rights ■ Rule of Law ■ South American Culture Check out our Facebook page here: https://www.facebook.com/izzit Visit our other educational programs here: http://www.izzit.org/products/index.php Make sure you enroll as an izzit.org member to receive your FREE teacher resources, click here to sign up now: http://www.izzit.org/join/index.php You can Tweet at us here: https://twitter.com/izzit_org
Views: 430 izzitEDU
GOOD, THANK YOU!
Views: 1615 Michael Sklut
This presentation was done on PowerPoint 2010. It explains the Background of CME Group, its regulatory Framework, its Social Performance, the products it trades and its operation. Music- 009 Sound System: Holy Ghost Watch my other videos at: Spaghetti bowl effect and TFTA: http://www.youtube.com/watch?v=IalKCWiPev8 The Internet: http://www.youtube.com/watch?v=xLTbM3jXKgU
Views: 241 Abhi Rai
Waseda University presented an honorary degree to former Chairman of the Chicago Mercantile Exchange, Leo Melamed, at its entrance ceremony on April 1, 2015.
Views: 905 Waseda University 早稲田大学
PART 2 of 2. ** From 1992 to 2001. Chaos in Chicago's THE CME PITS. (Plus some ROCK & ROLL Live). Dedicated to: Murph, Jimmy L, Billy H, Terry M, Tom R, Ryan F, IL DUCE, Ed S, Billy G, Mike H, Linda C, Gerry P, Joe R, Bill P, RLAS, ZWIT, Bone, Joe V, N Ryan, Nicky W, Laura, Lorraine, Kim, Tom L, and all the others that made that place THE BEST OF TIMES, THE WORST OF TIMES. 11:32
Views: 807 bonzoleum
CME group is one of the largest futures exchanges in the world, and includes the Chicago Mercantile Exchange, Chicago Board of Trade, and the NY Mercantile Exchance (NYMX). Red Hat solutions and services--including consulting and support--enable CME group to process millions of financial transactions per day, keep mission-critical systems up and running, and save with commodity hardware and systems consolidation. To read to the CME success story and others visit: http://customers.redhat.com
Views: 3341 Red Hat Videos
According to Wikipedia... The Chicago Board of Trade (CBOT), established in 1848, is the world's oldest futures and options exchange. More than 50 different options and futures contracts are traded by over 3,600 CBOT members through open outcry and electronic trading. Volumes at the exchange in 2003 were a record breaking 454 million contracts. On 12 July 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form the CME Group, a CME/Chicago Board of Trade Company. CBOT and three other exchanges (CME, NYMEX, and COMEX) now operate as designated contract markets (DCM) of the CME Group. Since 1930, the Chicago Board of Trade has been operating out of 141 West Jackson Boulevard, Chicago, in a building designed by architects Holabird & Root that is 605 feet (184 m) tall, the tallest in Chicago until the Richard J. Daley Center superseded it in 1965. This Art Deco building incorporates sculptural work by Alvin Meyer and is capped by a 31 foot (9.5 m) tall statue of the Roman goddess Ceres in reference to the exchange's heritage as a commodity market. Ceres is faceless because its sculptor, John Storrs, believed that the forty-five story building would be sufficiently taller than any other nearby structure and as a result that no one would be able to see the sculpture's face anyway. On May 4, 1977, the Chicago Board of Trade Building was designated a Chicago Landmark. The building is now a National Historic Landmark. Today the Board of Trade Building is closely joined by numerous skyscrapers in the heart of Chicago's busy Loop commercial neighborhood. The pit is a raised octagonal structure where open-outcry trading takes place. 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 importance of the pit and pit trading is emphasized by the use of a stylized pit as the logo of the CBOT. The Pit is also the title and subject of a classic novel (1903) by Frank Norris. Trades are made in the pits by bidding or offering a price and quantity of contracts, depending on the intention to buy (bid) or sell (offer). This is generally done by using a physical representation of a trader's intentions with his hands. If a trader wants to buy ten contracts at a price of eight, for example, in the pit he would yell "8 for 10", stating price before quantity, and turn his palm inward toward his face, putting his index finger to his forehead denoting ten; if he were to be buying one, he would place his index finger on his chin. If the trader wants to sell five contracts at a price of eight, they would yell "5 at 8", stating quantity before price, and show one hand with palm facing outward, showing 5 fingers. The combination of hand-signals and vocal representation between the way a trader expresses bids and offers is a protection against misinterpretation by other market participants. For historical purposes, an illustrated project to record the hand signal language used in CBOT's trading pits has been compiled and published. With the rise of electronic trading the importance of the pit has decreased substantially for many contracts though the pit remains the best place to get complex option spreads filled.
Views: 3448 DNTuason
When the CME Group launched E-mini S&P 500 Futures in 1997 it opened participation in the equity index futures market to a larger and more diverse trading audience. Join CME Group's David Gibbs as he provides an overview of Equity Index Futures at CME Group, including the popular E-mini S&P, NASDAQ & Dow futures. Learn why this important product class is used by a wide variety of market participants, including asset managers, hedge funds and active individual traders and some of the strategies they employ that are designed to manage risk and improve returns. Sponsored by CME Group
Views: 3284 Interactive Brokers
http://www.StockMarketFunding.com Stock Trading Education Chicago Mercantile Exchange (CME) Special Training Video. Stock Market Trading Lesson (VIDEO) Special Weekend Training on how to trade CME Group. In this 19 minute stock trading education video StockMarketFunding discusses how to trade Chicago Mercantile Exchange (CME) intraday. CME is a lower volume stock with a 3 month average volume of 633,866. Getting the intraday entries at the highs for your short positions and off the lows for long positions. With a 20-Day Average True Range of $9.75, CME is a great stock to trade each and every trading day long & short Please like, share, subscribe & comment! Google +1 http://gplus.to/StockMarket Video RSS Feed http://feeds.feedburner.com/tradereducation Free Trial Signup http://onlinetradinginvesting.eventbrite.com Trading Community (Free to Join) http://www.DailyStockCharts.com Follow us on Twitter: http://www.twitter.com/TradingSchool Follow us on Facebook: http://www.facebook.com/OnlineTradingPlatform Tags "Day Trading" "Stock Market" "Learn How to Trade Stocks" "Online Trading" "Online Stock Trading" "Trading Education" "Trader Education" "Stock Trade""Trading Stocks" "Swing Trading" "Learn To Trade" "Free Stock Market Education" "Online Stock Trading Training" "Stock Trading Course" "Stock Day Trading Strategies" "Stock Trading Strategies" "Day Trading Strategies" "Stocks Education" Stock Trading Analysis Online Stock Trading market stocks finance economy news tutorial investment technical options
Views: 2564 FreeOptionTrader.com
CME Group owns the Chicago Mercantile Exchange, launched in 1898 as The Chicago Butter and Egg Board, and the Chicago Board of Trade (CBOT), the futures exchange that it acquired for approximately $12 billion in 2007. CME and CBOT provide a marketplace for agricultural commodities, as well as for interest rate, equity, government paper, and foreign exchange futures. Products are traded on its CME Globex electronic trading system, on its floors via an open outcry system using elaborate hand signals, and through privately negotiated transactions. In 2010 CME bought 90% of Dow Jones & Company's index business, including the Dow Jones Industrial Average.
Views: 636 TradeTheTrend
Meru Networks WLAN Case Study: CME For more info visit: http://www.merunetworks.com Brian Linker: The CME is the largest derivatives exchange in the world. On a daily basis, we trade trillions of dollars in intrinsic value. On the trading floor we have multiple ways of trading, one of them being open outcry which is the noise you hear in the background. There is also an electronic market, which these gentlemen and ladies that are standing in the pit trading, they access the electronic market at the same time they access the open outcry market. Ty Bartels: 2007, the Chicago Board Trade and Chicago Mercantile Exchange combined to form to form the CME group, so instantly we doubled our user capacity while still being over one network. It was a big challenge going to 1,200 users a day in a small space. Because of how crowded the pits are, there's no way to have a wired connection where they're at. Brad Brieman: People have various devices that cause interference. That interferences translates to latency on the network, and that latency when we're talking anything slower than 250ms making a world of difference, it can be hundreds of thousands somebody could lose out on in an incorrect trade if they missed out on a trade. Ty Bartels: If we had standalone access points, it's harder to manage them. All of the intelligence was in each individual AP. If we had 100 of those, that's potentially 100 different devices you could have to touch. Meru with their Virtual Cell technology really was the best solution for us. Everything is centrally located within the controller. Everything can be run from there as far as reports, the security, really anything that you need done in one place. Their technology allows for the bigger macro virtual cells compared to if we did a smaller micro or pico cell technology. The access points that were necessary would be 1/3 or less that we have to purchase, install, maintain. Not only the access points but antennas, RF cables, everything was a lot less with Meru. Roaming and handoffs from cell to cell and AP to AP was so much more efficient and quicker than any other technology. Brad Brieman: And using the Meru technology allowed us to bring the numbers of peoples together in this small environment and still provide the same level of reliability that we did prior to combining the trading floors. Brian Linker: The amount of users that we can now have is tremendous compared to our old system. We were, on any given day, between our A and our G network, we have close to 1,000 users. Ty Bartels: And we still have applicants coming in all the time here, so making sure that works in a dynamic environment like this with fed announcements, with credit crisis, with the housing market, volatility is very high and with volatility comes fast markets. Fast markets mean more quotes, more data going across the network, it puts a strain on it. But Meru handles it. Meru offers the enterprise security that is vital to us. With the amount of money that's going across these wireless networks, security is a must and to have the enterprise-grade encryption and authentication, it's vital to us. Otherwise we wouldn't have a wireless network here. We made the right choice, it was the best solution for the environment here. For more info visit: http://www.merunetworks.com
Views: 1799 Meru Networks
(1995) This is an example of early virtual reality and computer graphics animation developed by Dave Pape, Deb Lowman, and Dana Plepys for Space Management Consultants at the Electronic Visualization Lab. The Chicago-based architectural firm, Space Management Consultants collaborated with the Electronic Visualization Laboratory to create architectural design concepts for the redesign of The Chicago Mercantile Exchange trading floor. Rather than present concepts as traditional models, Space Management opted to create virtual renditions of their designs to allow for client preview within EVL's CAVE virtual reality theater. The Chicago Mercantile Exchange infrastructure renovation/upgraded was required in order to accommodate new technology to the trading pits - cable distribution systems, life safety systems and new enlarged IDF spaces; trading pit renovation, enlargement and steep tiering surrounding the trading complexes were also part of the design concepts. Using virtual reality as a pre-visualization tool proved extremely valuable in altering original design concepts based on client feedback and making the final design proposal. More information can be found on the EVL website -- http://www.evl.uic.edu/core.php?mod=4&type=1&indi=128
Views: 10034 evltube
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Views: 1634 Kubera
Experience the laughter, fun, and large amounts of walking of the 10 Kent Innovation Highers as they visit Navy Pier and CME.
Views: 484 Katie Hamel
Bull call spread example in the stock Chicago Mercantile Exchange (CME). Go to https://member.streetsmartoptions.com/shop to sign up in the free members area and get immediate access to many more videos just like this one.
Views: 4 Street Smart Options
Tim Andriesen, managing director of agricultural commodities for CME group, talks about the history of the CME beef industry scholarship and how they are awarded.
Views: 37 NCBA's Cattlemen to Cattlemen
Join us as we explore the global futures trading one market at a time. This weeks Market Spotlight is on the CME Group's WTI Crude Oil Futures Market. The agenda for this free event includes: - What are benchmark crude oil markets? - Why is West Texas Intermediary emerging as a leading global market? - Anatomy of the CME Group's WTI CL contract - Fundamental factors that drive market price - Technical analysis techniques - Why futures traders should consider trading this market - Open question and answer session - And more Infinity Futures and the third party educators mentioned herein are separate, unaffiliated companies. Infinity Futures is not responsible for the services and products offered by these third party educators.
Views: 847 Infinity Futures
http://www.StockMarketFunding.com Options Trading Chicago Mercantile Exchange CME 240 Call vs 240 Put Chicago Mercantile Exchange CME Bearish Chart Oversold Condition Options Trading Expiration Weekly Analysis "Stock Market Trading Strategies"
Views: 741 FreeOptionTrader.com
Advantage Futures' relationship with the CME. To learn more about how Advantage Futures takes futures trading to the next level visit algoadvantage.com www.advantagefutures.com @FuturesNews [email protected]
Views: 262 AdvantageFutures
Comprehensive workshops focused on understanding and managing the risks and opportunities of FX rates volatility, interest rates, changes and price moves of agriculturals, soft commodities, metals and energy products. Find out more information at www.ostc.com/marketeducation
Views: 922 OSTC Videos
"Saving Ferris" is a documentary about the Chicago experience of the classic film, "Ferris Bueller's Day Off." For the documentary, Noah Graff visited almost every Chicagoland location in the film to find out where and what the places actually are and how they have changed in 30 years since the film was shot. Some of the scenes in the documentary include going to a Cubs game at Wrigley Field, driving a Ferrari out of Cameron Frye's garage, and singing "Twist and Shout" on a float in the Von Steuben Day Parade. In Part 7 Noah Graff visits the Chicago Board of Trade and the Chicago Mercantile Exchange. He explains Cameron's comical Arb (arbitrage) hand signals in the movie.
Views: 12318 Road Trip Film Productions
On January 24, 2012, dozens of Chicago taxpayers paid a visit to the Chicago Mercantile Exchange Headquarters with a special gift for Chairman Terrence Duffy. The CME had successfully lobbied to secure over $109 million in tax breaks and TIF funding—with $15 million earmarked for high-end renovations of the Chicago Board of Trade building including luxury bathroom upgrades. So taxpayers decided to present Duffy with a special gift, hoping to satisfy the CME's taste for luxury and convince the corporate welfare recipient to relinquish our desperately needed tax dollars.
Views: 994 ChicagoStandsUp
Let me show the Correct Way to Trade Bond Futures Learn about Active Day Trader's Futures Program HERE: https://vimeo.com/282676014 Jonathan Rose of Active Day Trader teaches how to trade interest rate futures, and how to trade bond futures in this 10-minute trading lesson. Jonathan Rose traded at the CME, Chicago Mercantile Exchange and the Chicago Board of Trade where he learned how to trade futures, and how to trade interest rate futures before he started teaching traders pairs trading, and how to trade interest Rate futures on Thinkorswim or Infinity Futures.
Views: 767 Jonathan Rose