Editing Midwestern United States (section)

===Finance===
[[File:Chicago bot.jpg|thumb|The [[Chicago Board of Trade]] floor in 1993. It is one of the world's oldest [[futures exchange|futures and options exchanges]].<ref>{{Cite news |last=Siler |first=Julia Flynn |url=https://www.nytimes.com/1989/02/21/business/at-chicago-boards-styles-differ.html |title=At Chicago Boards, Styles Differ |date=February 21, 1989 |work=The New York Times |access-date=February 24, 2020 |language=en-US |issn=0362-4331}}</ref>]]
[[Chicago]] is the largest economic and financial center of the Midwest, and has the third largest [[List of cities by GDP|gross metropolitan product]] in North America—approximately $689 billion, after the regions of New York City and Los Angeles. Chicago was named the fourth most important business center in the world in the MasterCard Worldwide Centers of Commerce Index.<ref>"[http://edition.cnn.com/2007/BUSINESS/06/13/global.economy/ London named world's top business center by MasterCard]", [[CNN]], June 13, 2007.</ref> The 2021 [[Global Financial Centres Index]] ranked Chicago as the fourth most competitive city in the country and eleventh in the world, directly behind Paris and Tokyo. The [[Chicago Board of Trade]] (established 1848) listed the first ever standardized "exchange traded" forward contracts, which were called [[futures contract]]s.<ref>{{cite web|url=http://www.cmegroup.com/company/history/timeline-of-achievements.html |title=Timeline-of-achievements |publisher=[[CME Group]]|access-date=January 20, 2013}}</ref> As a world financial center, Chicago is home to major financial and [[futures exchange]]s including the [[CME Group]] which owns the [[Chicago Mercantile Exchange]] ("the Merc"), [[Chicago Board of Trade]] (CBOT), the [[New York Mercantile Exchange]] (NYMEX), the [[Dow Jones Indexes]], and the Commodities Exchange Inc. (COMEX).<ref>{{cite web|url=http://www.cmegroup.com |title=Futures & Options Trading for Risk Management |publisher=CME Group |date=April 13, 2010 |access-date=November 6, 2011}}</ref> Other major exchanges include the [[Chicago Board Options Exchange]] (CBOE), the largest options exchange in the [[Western Hemisphere]]; and the [[Chicago Stock Exchange]]. In addition, Chicago is also home to the headquarters of the [[Federal Reserve Bank of Chicago]] (the Seventh District of the Federal Reserve).

Outside of Chicago, many other Midwest cities are host to financial centers as well. Federal Reserve Bank districts are also headquartered in [[Federal Reserve Bank of Cleveland|Cleveland]], [[Federal Reserve Bank of Kansas City|Kansas City]], [[Federal Reserve Bank of Minneapolis|Minneapolis]], and [[Federal Reserve Bank of St. Louis|St. Louis]]. Major United States bank headquarters are located throughout Ohio including [[Huntington Bancshares]] in Columbus, [[Fifth Third Bank]] in Cincinnati, and [[KeyCorp]] in Cleveland. Insurance Companies such as [[Elevance Health]] in Indianapolis, [[Nationwide Insurance]] in Columbus, [[American Family Insurance]] in Madison, Wisconsin, [[Berkshire Hathaway]] in Omaha, [[State Farm Insurance]] in Bloomington, Illinois, [[Reinsurance Group of America]] in [[Chesterfield, Missouri]], [[Cincinnati Financial Corporation]] and [[American Modern Insurance Group]] of Cincinnati, and [[Progressive Insurance]] and [[Medical Mutual of Ohio]] in Cleveland also spread throughout the Midwest.