Question:
What was the original name of the Chicago Mercantile Exchange (CME)?
What was the original name of the Chicago Mercantile Exchange (CME)?
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CME started as the Chicago Butter and Egg Board, reflecting its initial focus on dairy products.
Updated On: Jul 7, 2025
- Chicago Board of Trade
- Chicago Butter and Egg Board
- Chicago Financial Exchange
- Chicago Stock Exchange
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The Correct Option is B
Solution and Explanation
The Chicago Mercantile Exchange (CME), one of the world's largest futures and options exchanges, was originally known as the Chicago Butter and Egg Board when it was established in 1898.
It was primarily set up to facilitate trading in dairy products like butter and eggs. Over time, the exchange diversified its product offerings and was renamed to reflect its broader range of commodities and financial instruments.
Explanation of Other Options:
(A) Chicago Board of Trade: A separate entity specializing in grain and commodity futures.
(C) Chicago Financial Exchange: Not the original name of CME.
(D) Chicago Stock Exchange: A separate stock exchange in Chicago.
Hence, option (B) is the correct answer.
Explanation of Other Options:
(A) Chicago Board of Trade: A separate entity specializing in grain and commodity futures.
(C) Chicago Financial Exchange: Not the original name of CME.
(D) Chicago Stock Exchange: A separate stock exchange in Chicago.
Hence, option (B) is the correct answer.
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