The Kansas City Board of Trade (KCBT), located at 4800 Main Street in Kansas City, Missouri, is a commodity futures and options exchange regulated by the Commodity Futures Trading Commission (CFTC) that specializes in the hard red winter wheat -- the principal ingredient of bread.
The primary product traded at the exchange are futures contracts on hard red winter wheat, and the underlying option contracts. Due to its nutritional value, the hard red winter wheat usually trades at a premium to the Chicago Board of Trade's soft red winter wheat. The exchange facilitates the transfer of ownership of the futures and options contracts through the open outcry system.
The Board originally was organized in 1856 shortly after Kansas City itself was founded and served as the city's Chamber of Commerce. It was formally chartered in 1876. Among its founders was Edward H. Allen.
It was originally located at 8th and Wyandotte. In 1925 it moved to 10th and Wyandotte and in 1966 it moved to 48th and Main in the Country Club Plaza.
In 1982, the Kansas City Board of Trade introduced Value Line futures, making it the first exchange offering a stock index futures contract. Options on Value Line futures were introduced in 1992. As of December 12, 2004, the Value Line futures are now traded solely through an electronic platform.
Tours are available on mornings of trading days by appointment that enable visitors to learn about commodities futures and to watch trading activity from the gallery.
CFTC GRANTS EXEMPTION TO THE KANSAS CITY BOARD OF TRADE AND THE KANSAS CITY BOARD OF TRADE CLEARING CORPORATION TO CLEAR WHEAT CALENDAR SWAPS.(Calendar)
Jun 21, 2010; WASHINGTON -- The following information was released by the Commodities Futures Trading Commission: The Commodity Futures Trading...
COMMODITY FUTURES TRADING COMMISSION GRANTS EXEMPTION TO KANSAS CITY BOARD OF TRADE, KANSAS CITY BOARD OF TRADE CLEARING CORPORATION TO CLEAR WHEAT CALENDAR SWAPS
Jun 22, 2010; WASHINGTON, June 21 -- The Commodity Futures Trading Commission issued the following press release: The Commodity Futures Trading...
CFTC SEEKS PUBLIC COMMENT ON REQUEST FROM KANSAS CITY BOARD OF TRADE AND KANSAS CITY BOARD OF TRADE CLEARING CORPORATION INVOLVING OTC CALENDAR SWAPS FOR WHEAT.(Calendar)
Nov 16, 2009; WASHINGTON -- The following information was released by the Commodities Futures Trading Commission: The Commodity Futures Trading...