The Chicago Board of Trade (CBOT) is a futures and options exchange in which floor traders certified for Chicago Board of Trade employment, buy and sell contracts in an auction-like "open cry" manner. Buying and selling contracts offered by the Chicago BOT helps to diversify your corporate portfolio by having your investments spread across different markets.

Not only is diversity an attractive component of CBOT futures and options, investments in the Chicago trade board also offers a means of hedging against losses in other markets. Many business owners buy investments offered by the New York Stock Exchange (NYSE). Unlike the NYSE, the Chicago Board of Trade offers contracts for commodities as opposed to stocks. Being invested in multiple markets helps to protect against heavy losses. While the NYSE may be down, the CBOT may be up.

Here is more Chicago Board of Trade information.

1. The Chicago Board of Trade is now part of the CME Group.

2. The Chicago BOT allows you to trade electronically. In fact, a large percentage of trades come through this way.

3. There are also employment opportunities at the Chicago Board of Trade. This is an excellent career choice for many people.

Action Steps
The best contacts and resources to help you get it done

Become a member of the CBOT

Before you can begin buying and selling on the CBOT, you have to become a member. CBOT offers varying types of membership at different price points.

I recommend: Decide what type of CBOT membership is right for you and apply for membership. The Chicago Board of Trade also allows members to sell or lease their membership, which may be a good option for you.

Invest in CBOT through your regular broker

The Chicago Board of Trade and CME Group trades on the NASDAQ under 'CME'. This makes it possible for people to invest in the CBOT without becoming a member.

I recommend: Check with your broker about investing in CME. If you do not already work with an investment company, open an account with Charles Schwab or ShareBuilder.com.

Find out if Chicago Board of Trade Employment is right for you

In addition to buying and trading through CBOT, you could also find a career with the Chicago Board of Trade. CME Group is a small company, which can allow you the opportunity to shine.

I recommend: Visit the CME Group or the website of the Chicago Tribune to find employment opportunities at the Chicago Board of Trade.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Once you're confident in your futures and options knowledge, open an online account at a brokerage firm to make trading on CBOT easier and faster.