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Chicago Board Of Trade
The Chicago Board of Trade (CBOT), is an American futures exchange, futures and options exchange that was founded in 1848. On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges (CME, NYMEX, and COMEX) now operate as designated contract markets (DCM) of the CME Group. History The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. It was created as a centralized venue where buyers and sellers could meet to negotiate and formalize forward contracts. The idea originated from a conversation between Thomas Richmond and W. L. Whiting, who discussed the potential benefits of forming a board of trade. Their exchange led to a March 13 meeting of merchants and businessmen who supported the initiative, resulting in a resolution to create the institution and draft a constitution. A committee was then formed to develop bylaws, which were officially ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ceres (Roman Mythology)
In ancient Roman religion, Ceres ( , ) was a goddess of agriculture, grain crops, fertility and motherly relationships.Room, Adrian, ''Who's Who in Classical Mythology'', p. 89-90. NTC Publishing 1990. . She was originally the central deity in Rome's so-called plebeian or Aventine Triad, then was paired with her daughter Proserpina in what Romans described as "the Greek rites of Ceres". Her seven-day April festival of Cerealia included the popular ''Ludi Ceriales'' (Ceres' games). She was also honoured in the May lustration (''lustratio'') of the fields at the Ambarvalia festival: at harvesttime: and during Roman marriages and funeral rites. She is usually depicted as a mature woman. Ceres is the only one of Rome's many agricultural deities to be listed among the Dii Consentes, Rome's equivalent to the Twelve Olympians of Greek mythology. The Romans saw her as the counterpart of the Greek goddess Demeter,''Larousse Desk Reference Encyclopedia'', The Book People, Haydock, 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Liquidity
In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity involves the trade-off between the price at which an asset can be sold, and how quickly it can be sold. In a liquid market, the trade-off is mild: one can sell quickly without having to accept a significantly lower price. In a relatively illiquid market, an asset must be discounted in order to sell quickly. A liquid asset is an asset which can be converted into cash within a relatively short period of time, or cash itself, which can be considered the most liquid asset because it can be exchanged for goods and services instantly at face value. Overview A liquid asset has some or all of the following features: it can be sold rapidly, with minimal loss of value, anytime within market hours. The essential characteristic of a liquid market is that there are always ready and wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia Stock Exchange
Philadelphia Stock Exchange (PHLX), now known as Nasdaq PHLX, is the first stock exchange established in the United States and the oldest stock exchange in the nation. The exchange is owned by Nasdaq, which acquired it in 2007 for $652 million, and is headquartered in Philadelphia. The exchange was founded in 1790 and originally named the Board of Brokers of Philadelphia and sometimes referred to as the Philadelphia Board of Brokers. In 1875, the Board of Brokers changed its name to the Philadelphia Stock Exchange. In 1949, the exchange merged with the Baltimore Stock Exchange and was renamed the Philadelphia-Baltimore Stock Exchange. In 1954, it merged with the Washington Stock Exchange and was renamed the Philadelphia-Baltimore-Washington Stock Exchange, often abbreviated PBW. In 1969, the exchange acquired the Pittsburgh Stock Exchange. History 1790–1875: Board of Brokers Over its more than 200 years in existence, the Philadelphia Stock Exchange has had various titles a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frank Norris
Benjamin Franklin Norris Jr. (March 5, 1870 – October 25, 1902) was an American journalist and novelist during the Progressive Era, whose fiction was predominantly in the naturalism (literature), naturalist genre. His notable works include ''McTeague, McTeague: A Story of San Francisco'' (1899), ''The Octopus: A Story of California'' (1901) and ''The Pit (Norris novel), The Pit'' (1903). Life Norris was born in Chicago, Illinois, in 1870. His father, Benjamin, was a self-made Chicago businessman and his mother, Gertrude Glorvina Doggett, had a stage career. In 1884 the family moved to San Francisco where Benjamin went into real estate. In 1887, after the death of his brother and a brief stay in London, young Norris went to Académie Julian in Paris where he studied painting for two years and was exposed to the naturalist novels of Émile Zola. Between 1890 and 1894 he attended the University of California, Berkeley, where he became acquainted with the ideas of human evolution o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open-outcry
Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders. floor trading hand signals The part of the trading floor where this takes place is called a ''pit''. In an open outcry auction, bids and offers must be made out in the open market, giving all participants a chance to compete for the order with the best price. New bids or offers would be made if better than previous pricing for efficient price discovery. Exchanges also value positions marked to these public market prices on a daily basis. In contrast, over-the-counter markets are where bids and offers are negotiated privately between principals. Since the development of the stock exchange in the 17th century in Amsterdam, open outcry was the main method used to communicate among traders. This started changing in the latter half o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Octagon
In geometry, an octagon () is an eight-sided polygon or 8-gon. A '' regular octagon'' has Schläfli symbol and can also be constructed as a quasiregular truncated square, t, which alternates two types of edges. A truncated octagon, t is a hexadecagon, . A 3D analog of the octagon can be the rhombicuboctahedron with the triangular faces on it like the replaced edges, if one considers the octagon to be a truncated square. Properties The sum of all the internal angles of any octagon is 1080°. As with all polygons, the external angles total 360°. If squares are constructed all internally or all externally on the sides of an octagon, then the midpoints of the segments connecting the centers of opposite squares form a quadrilateral that is both equidiagonal and orthodiagonal (that is, whose diagonals are equal in length and at right angles to each other).Dao Thanh Oai (2015), "Equilateral triangles and Kiepert perspectors in complex numbers", ''Forum Geometricorum'' 15, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pit (open Outcry)
Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders. floor trading hand signals The part of the trading floor where this takes place is called a ''pit''. In an open outcry auction, bids and offers must be made out in the open market, giving all participants a chance to compete for the order with the best price. New bids or offers would be made if better than previous pricing for efficient price discovery. Exchanges also value positions marked to these public market prices on a daily basis. In contrast, over-the-counter markets are where bids and offers are negotiated privately between principals. Since the development of the stock exchange in the 17th century in Amsterdam, open outcry was the main method used to communicate among traders. This started changing in the latter half o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chicago Board Of Trade
The Chicago Board of Trade (CBOT), is an American futures exchange, futures and options exchange that was founded in 1848. On July 12, 2007, the CBOT merged with the Chicago Mercantile Exchange (CME) to form CME Group. CBOT and three other exchanges (CME, NYMEX, and COMEX) now operate as designated contract markets (DCM) of the CME Group. History The Chicago Board of Trade (CBOT), established on April 3, 1848, is one of the world's oldest futures and options exchanges. It was created as a centralized venue where buyers and sellers could meet to negotiate and formalize forward contracts. The idea originated from a conversation between Thomas Richmond and W. L. Whiting, who discussed the potential benefits of forming a board of trade. Their exchange led to a March 13 meeting of merchants and businessmen who supported the initiative, resulting in a resolution to create the institution and draft a constitution. A committee was then formed to develop bylaws, which were officially ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loop (Chicago)
The Loop is Chicago's central business district and one of the city's 77 municipally recognized community areas. Located at the center of downtown Chicago on the shores of Lake Michigan, it is the second-largest business district in North America, after Midtown Manhattan in New York City. The world headquarters and regional offices of several global and national businesses, retail establishments, restaurants, hotels, museums, theaters, and libraries—as well as many of Chicago's most famous attractions—are located in the Loop. The district also hosts Chicago's City Hall, the seat of Cook County, offices of the state of Illinois, United States federal offices, as well as several foreign consulates. The intersection of State Street and Madison Street in the Loop is the origin point for the address system on Chicago's street grid, a grid system that has been adopted by numerous cities worldwide. The Loop's definition and perceived boundaries have evolved over time. Since the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skyscraper
A skyscraper is a tall continuously habitable building having multiple floors. Most modern sources define skyscrapers as being at least or in height, though there is no universally accepted definition, other than being very tall high-rise buildings. Skyscrapers may host offices, hotels, residential spaces, and retail spaces. One common feature of skyscrapers is having a steel frame that supports curtain walls. These curtain walls either bear on the framework below or are suspended from the framework above, rather than resting on load-bearing walls of conventional construction. Some early skyscrapers have a steel frame that enables the construction of load-bearing walls taller than those made of reinforced concrete. Modern skyscraper walls are not load-bearing, and most skyscrapers are characterized by large surface areas of windows made possible by steel frames and curtain walls. However, skyscrapers can have curtain walls that mimic conventional walls with a small surfa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
