Tr a d i n g : BUSINESS
LegacyFX Introduction
A BRIEF HISTORY OF FUTURES
Trading: A Brief History of Futures
Western futures trading may have as we know it today, first began in FUTURES TRADING existed in England since the 16th the US. In this decade, the New York HAS EXISTED SINCE AT century. However, England’s first offi- Mercantile Exchange started to offer LEAST 1730 WHEN THE cial trading exchange for futures was futures trading in a variety of financial DOJIMA RICE EXCHANGE not established until much later. instruments including stock market WAS ESTABLISHED FOR indexes and US Treasury bonds. The TRADING RICE FUTURES Futures Trading in the Chicago Mercantile Exchange also United States IN JAPAN, BECOMING began to offer foreign currency futures trading during this time. THE FIRST OFFICIALLY In the United States, the Chicago RECOGNISED FUTURES Board of Trade is recognised as the Futures Trading first official futures exchange. It was MARKET. established in 1848 as an exchange
in England
for trading commodities. The New
The London Metals and Market Ex-
York Cotton Exchange was establi-
change, widely accepted as the first
shed in 1870. However, it was in the
official exchange for commodities in
1970s that modern futures trading,
England, was established in 1877.
In the United States, the Chicago Board of Trade is recognised as the first official futures exchange.
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