My Word Is My Bond, A Documentary on the Chicago Board of Trade

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Uploaded by on Jan 11, 2010

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The Chicago based video production company, Production Craft, produced this program which covers more than a century and a half of the Chicago Board of Trades (CBOT) history from its founding in 1848 through the recent merger with once rival Chicago Mercantile Exchange in 2007.

CBOT historians, members and former chairmen account the remarkable evolution of this great Chicago financial institution and its unique way of doing business.

"In Latin we say dictum meum pactum—my word is my bond. Theres no contract, not even a handshake, but just a nod of the head in acknowledgement, you made the trade." Patrick H. Arbor, CBOT Chairman 1993-1998

Most Chicagoans relate the CBOT with its historic landmark building at LaSalle and Jackson and the chaotic trading floor. This documentary traces the progression of the futures market and tells stories about traders like Old Hutch who made a fortune in the wheat pit in 1881. Members discuss advancements in technology from the invention of the trading pit in the 1800s to current electronic trading platforms. The program reveals the significance of the exchange during the Civil War, World War II, the stock market crash of 1987 and its impact on our current credit based economy.

These stories are told by Chicago leaders including Charles P. Carey, CME Group Vice Chairman and former CBOT Chairman; Terrence A. Duffy, CME Group Executive Chairman; Rick Santelli, CNBC Business News On-Air Editor; George Seals, Trader and former Chicago Bear; and former CBOT Board members, Keith D. Bronstein, Richard L. Sandor, and Lee B. Stern.

My Word is My Bond was produced by Chicago based video production company, Production Craft, Inc. Since 1984 Production Craft has provided professional video production services and programming to broadcasters, businesses and organizations. A companion book of the same title written by Arlene Michlin Bronstein contains a collection of interviews conducted for the documentary.

To request the enire program, contact Production Craft at 312.829.0272 or info@productioncraft.com

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  • George Seals played with the Bears in '65 when the game was pure. He was the first Black man to hold a seat on the Board of Trade....when it was fair. And he was FAMILY when it wasn't easy bein' us. hee hee I hope he understands why I support Occupy Chicago. I want to help bring back it's integrity. The movement is a miracle!  Stay non-violent as they realize there is, once again, no point in trying to monopolize the infinite!

  • Adds on to the pride of working for such a great company!

  • CBOT great clips !

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