Select an Exchange from the list below: Intercontinental Exchange Chicago Board of Trade New York Mercantile Exchange Kansas City Board of Trade Minneapolis Grain Exchange New York Board of Trade Chicago Mercantile Exchange Chicago Board Options Exchange Boston Options Exchange Euronext 2. Background and characteristics of the Exchange. Typical Derivatives traded Procedures Trading Rules (For ten commodities, Size of contracts, Expiry dates, warehousing arrangements, what grades of commodities/securities are acceptable for contracts. ) How does exchange prepare for defaults.

3. Describe the Margin Rules of the exchange and set up margin accounts for 1 commodity both long and short positions . Assume you can afford 10 contracts and the trading period is the month of November to December. Determine the dollar profit or loss . Use excel to set up the margin accounts.

4. Any recent developments in these exchanges (increase in initial margins, maintenance margins etc) & reasons for changes.

For the trading of Silver.