BOARD OF TRADE

board of trade. 1. A federation of business executives dedicated to advancing and protecting business interests. 2. An organization that runs a commodities exchange. See CHICAGO BOARD OF TRADE. [Cases: Commodity Futures Trading Regulation  6. C.J.S. Securities Regulation § 455.] 3.Hist. The Lords of the Committee of the Privy Council that had jurisdiction over trade and foreign plantations. • Today, the responsibilities once assigned to this committee are carried out by the ministry for trade and industry.[Blacks Law 8th]