A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. Futures exchanges provide physical or electronic trading venues, details of standardized contracts, market and price data, clearing houses, exchange self-regulations, margin mechanisms, settlement procedures, delivery times, delivery procedures and other services to foster trading in futures contracts. Futures exchanges can be organized as non-profit member-owned organizations or as for-profit organizations. Futures exchanges can be integrated under the same brand name or organization with other types of exchanges, such as stock markets, options markets, and bond markets. Non-profit member-owned futures exchanges benefit their members, who earn commissions and revenue acting as brokers or market makers. For-profit futures exchanges earn most of their revenue from trading and clearing fees.
The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges now operate as designated contract markets (DCM) of the CME Group.
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City.
TradeStation Group, Inc. is the parent company of online securities and futures brokerage firms and trading technology companies. It is headquartered in Plantation, Florida, and has offices in New York; Chicago; Richardson, Texas; London; Sydney; and Costa Rica. TradeStation is best known for the technical analysis software and electronic trading platform it provides to active traders and certain institutional trader markets. TradeStation Group was a Nasdaq GS-listed company from 1997 to 2011, until it was acquired by Monex Group, a Tokyo Stock Exchange-listed parent company of one of Japan's leading online securities brokerage firms.
John Vincent Weber is an American politician, lobbyist and former Republican Congressman from Minnesota.
Monster.com is a global employment website that was established in 1999 as a result of the merger between The Monster Board and Online Career Centre.
Richard J. Dennis, a commodities speculator once known as the "Prince of the Pit," was born in Chicago, in January, 1949. In the early 1970s, he borrowed $1,600 and reportedly made $350 million in about six years. When a futures trading fund under his management incurred significant losses in the stock market crash of 1987 he retired from trading for several years. He has been active in Democratic and Libertarian political causes, most notably in campaigns against drug prohibition.
Linda Bradford Raschke (/'ræʃki/) is an American financier, operating mostly as a commodities and futures trader.
CME Group Inc. is a financial services company. Headquartered in Chicago, the company operates financial derivatives exchanges including the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange. The company also owns 27% of S&P Dow Jones Indices. It is the world's largest operator of financial derivatives exchanges. Its exchanges are platforms for trading in agricultural products, currencies, energy, interest rates, metals, futures contracts, options, stock indexes, and cryptocurrencies futures.
Fast Money is an American financial stock trading talk show that began airing on the CNBC cable/satellite TV channel on June 21, 2006. Beginning October 10, 2007, it was broadcast every weeknight at 5pm ET, one hour after the close of trading on the New York Stock Exchange, until mid-2011 when it was moved to just four nights per week, Monday through Thursday, to make room for special option and currency trading shows on Friday evenings. On March 22, 2013, it returned to the Friday night slot as a half-hour show, followed by the Options Action half-hour show. The Friday edition of Fast Money returned to being a full-hour show on September 22, 2023, after Options Action was quietly cancelled the previous Friday. The show originates from the NASDAQ MarketSite in New York City.
The 1985 Minnesota Golden Gophers football team represented the University of Minnesota in the 1985 Big Ten Conference football season. In their second and final year under head coach Lou Holtz, the Golden Gophers compiled a 7–5 record and outscored their opponents by a combined total of 293 to 240.
John Sarkis Najarian was an American transplant surgeon and clinical professor of transplant surgery at the University of Minnesota. Najarian was a pioneer in thoracic transplant surgery.
CMC Markets is a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference (CFDs) and foreign exchange across world markets. CMC is headquartered in London, with hubs in Sydney and Singapore. It is listed on the London Stock Exchange.
Michael James Burry is an American investor and hedge fund manager. He founded the hedge fund Scion Capital, which he ran from 2000 until 2008 before closing it to focus on his personal investments. He is best known for being among the first investors to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010.
Brian Stutland is an American market maker and regular contributor to CNBC's television programs Fast Money, Final Call, and Options Action.
Peter F. Borish is chairman and CEO of Computer Trading Corporation (CTC), an investment and advisory firm. Borish sits on the board of CIBC Bank USA. He is also a partner in Adam Hoffman's natural gas options trading team at Torsion Technologies, LLC. and a Partner of Quantrarian Asset Management
Interactive Brokers LLC (IB) is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, funds, and some cryptocurrencies.
William O. Perkins III is an American hedge fund manager, film producer, author, and high stakes poker player. Perkins manages Skylar Capital, an energy trading hedge fund that had approximately $500 million in assets under management as of 2023.
Jason Goepfert is an American researcher and columnist focused on the development of behavioral finance. Prior to founding Sundial Capital Research, he was the manager of back office operations for Deephaven Capital Management, a Minnesota-based hedge fund, and Wells Fargo's online brokerage unit.
Anthony "Tony" J. Saliba is a trader, author, and entrepreneur based out of Chicago, Illinois. He currently serves as CEO of Matrix Holding Group, Mercury Digital Assets, Option Technology Solutions, and Fortify Technologies.
