‘New normal’ includes phasing out Chicago’s famous financial futures trading wells

'New normal' includes phasing out Chicago's famous financial futures trading wells

Source week.com

CME Group said it will continue open outcry trading of its heavily-traded options on Eurodollar interest rate futures. Long before COVID-19, open outcry participation had fallen sharply as more people moved to online trading.

CME Group owns the Chicago Mercantile Exchange and the Chicago Board of Trade. Tuesday, CME Group announced it will not reopen trading pits where open outcry occurred for futures and options on the S&P 500. Those pits closed in March of last year when the pandemic started, and the floor-traded markets will no longer be listed at the exchange as of September 17.

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