Events
1970
emergence of major
currency futures on the CME1890's
Chicago Mercantile Exchange
(CME) was formed in the U.S1848
birth of the Chicago
Board of Trade (CBOT)1851
earliest “forward” contract is
recorded for 3000 bushels of corn1877
speculators drawn into the
markets due to futures trading
becoming more formalised1830's
US started to trade
similar contracts1600 - 1697
Futures Markets founded in Japan
during 17th century. The first known
market was the Osaka Futures Market.5 - 15 AD
in medieval times where trade fairs were
set up buyers and sellers could exchange
goods. Market fairs followed rules and
regulations such as specific times and places
to trade.6 BC
earliest futures contract documented
by Aristotle in the story of Thales,
ancient Greek philosopher who believed
the upcoming olive harvest would be
particularly large
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