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Kansas City Board of Trade
USINFO | 2013-07-10 10:04
The Kansas City Board of Trade (KCBT), is an American commodity futures and options exchange regulated by the Commodity Futures Trading Commission. Specializing in the hard-red winter wheat, it is 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. Under the terms, the Kansas City trading floor would remain for at least six months. KCBT market participants will advise CME for at least three years.It has since been announced that the trading floor will be consolidated with the Chicago operations in June 2013.
The exchange was organized in 1856, shortly after Kansas City itself was incorporated in 1853, and served as the city's chamber of commerce. It was formally chartered in 1876; among the exchange's founders was Edward H. Allen.
It was originally located at 8th and Wyandotte Streets. In 1925, the exchange moved to 10th and Wyandotte Streets and in 1966, it moved to its present location at 48th and Main Streets on the Country Club Plaza.
On October 17, 2012, CME Group announced it would acquire the exchange for $126 million in cash. Under the terms, the Kansas City trading floor would remain for at least six months. KCBT market participants will advise CME for at least three years.It has since been announced that the trading floor will be consolidated with the Chicago operations in June 2013.
The exchange was organized in 1856, shortly after Kansas City itself was incorporated in 1853, and served as the city's chamber of commerce. It was formally chartered in 1876; among the exchange's founders was Edward H. Allen.
It was originally located at 8th and Wyandotte Streets. In 1925, the exchange moved to 10th and Wyandotte Streets and in 1966, it moved to its present location at 48th and Main Streets on the Country Club Plaza.
