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Onion futures trading began on the Chicago Mercantile Exchange in the mid-1940s as an attempt to replace the income lost when the butter futures contract ceased. [3] By the mid-1950s, onion futures contracts were the most traded product on the Chicago Mercantile Exchange. In 1955, they accounted for 20% of its trades. [4]
During the mid to late-1990s, Peregrine Financial Group's office at the Chicago Mercantile Exchange had closed-circuit security cameras on the sales floor which is not and was not a common practice in the Chicago futures brokerage community while also recording all broker telephone lines.
At the time, onions futures contracts were the most traded product on the Chicago Mercantile Exchange, accounting for 20% of its trades in 1955. [4] He soon began splitting his time between New York and Chicago, where he traded on the Chicago Mercantile Exchange several days a week. In Chicago, he was a very successful trader.
In June 1987, Zimmerman married Lisa Tatkus, whom he met while working at the Chicago Mercantile Exchange. They had taken a trip to Canada but Zimmerman was not allowed to return to the United States without a work permit; The couple then married. Between 1987 and 1992, Zimmerman made and lost tens of thousands of dollars.
Everette Bagby Harris, (April 18, 1913 - December 24, 1993) [1] was an American businessman. Harris served as President of the Chicago Mercantile Exchange from 1953 to 1978. . During this time, he oversaw the diversification of the products traded on the exchan
Chicago Mercantile Exchange records indicated that $40,000 of her profits came from larger trades initiated by James Blair. According to exchange records, Robert "Red" Bone, the commodities broker that facilitated the trades on behalf of Refco, reportedly because Blair was a good client, allowed Clinton to maintain her positions even though she ...
Chicago Mercantile Exchange was known as the Chicago Butter and Egg Board when it was founded in 1898, and futures available through the exchange were initially limited to agricultural products. [ 14 ] [ 15 ] [ 16 ] In 1919 the Board was restructured and the name changed to Chicago Mercantile Exchange, which reflected a new focus on commodities ...
Prior to its collapse in October, 2005, the firm had over $4 billion in approximately 200,000 customer accounts, and it was the largest broker on the Chicago Mercantile Exchange. The firm's balance sheet at the time of the collapse showed about $75 billion in assets and a roughly equal amount in liabilities.