Trading in Commodity Futures Contracts on the Chicago Board of Trade: A Study of the Sources and Distribution of Trading and Commission Income

Alexander Swantz, Anita M. Schwartz, Donald G. Nash and John R. Mielke

No 313735, Marketing Research Reports from United States Department of Agriculture, Agricultural Marketing Service, Transportation and Marketing Program

Abstract: Excerpts from the report: This report examines the composition of trading in commodity futures contracts on the Chicago Board of Trade and the amount and source of commission paid in connection with that trading. Specifically, the report discusses: (1) The relative importance of different types of traders and trading on the board of trade, (2) the volume of trading at different rates of commission, (3) the volume of trading by members and nonmembers of the board, (4) the amount and source of commission income to brokerage firms, (5) the relative importance of different types of brokerage firms, and (6) the structure of the board and the operating practices of its members. Special financial and trading data were developed for this study to supplement data already available in the Commodity Exchange Authority (CEA) and other agencies of the U.S. Department of Agriculture. At the request of the CEA, the Chicago Board of Trade asked each member of the Board of Trade Clearing Corporation to supply information on volume of trading by type of trade and at different rates of commissions and fees during selected weeks in March and May 1972.

Keywords: Crop Production/Industries; Financial Economics; Labor and Human Capital; Livestock Production/Industries; Marketing; Research Methods/Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 82
Date: 1973-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uamsmr:313735

DOI: 10.22004/ag.econ.313735

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