Definitions for "Board of Trade"
Government department responsible from 1839 onwards for the supervision and regulation of railways. To start with the Board of Trade inspectors who were responsible for supervising the railway companies often complained that government regulations were being ignored, but as time went on a succession of Acts of Parliament gave them greater enforcement powers. In 1919 the BOT was replaced by the Ministry of Transport which inherited much of the work and powers of the Board of Trade Railway Department.
Any exchange or association of persons who are engaged in the business of buying or selling any commodity or receiving the same for sale on consignment. It usually means an exchange where commodity futures and/or options are traded. Sometimes referred to as Contract Market or Exchange.
Any exchange or association, whether incorporated or unincorporated, of persons who are engaged in the business of buying or selling any futures or commodity, or receiving the same for sale on consignment.
See Contract Market.