More on the CME closing most of its trading pits (open outcry)

By Eamonn Sheridan9 days ago

The (sad) news is here from earlier: CME says it will permanently close most open outcry trading pits

Via a piece in the WSJ with a little more:

  • CME to permanently close most of its open-outcry trading pits in Chicago
  • pits closed temporarily in March 2020 to prevent the spread of Covid-19
  • The only part of CME's trading floor that will remain open is the Eurodollar options pit, which the exchange operator reopened in August with social-distancing requirements and other measures to protect traders from the coronavirus. Eurodollars are a type of interest-rate contract and represent one of CME's biggest marketplaces.
  • CME is also permanently closing its pit for the trading of futures and options on the S&P 500

Wall Street Journal link for more (may be gated)

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A scene from the movie Trading Places set in a trading pit:

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