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Chicago trading floors. The concerns of u s. In a good day about 1 100 people including clerks exchange members and cme employees. Merchants to ensure that there were buyers and sellers for commodities have resulted in forward contracts to sell and buy commodities. The coronavirus forced closure of chicago s trading floors.
Chicago exchange operators cme group and cboe global markets shut down the south loop pits. Cboe global markets said it would be ready to reopen its chicago trading floor june 1 if it s safe. Today our teams work primarily in our own space a former trading floor that s now a busy hive of collaboration where our traders quants technologists and operations teams work together to solve the toughest problems our markets have to offer. Cme group announced wednesday night it will close its chicago trading floor in a precautionary move due to the coronavirus outbreak.
The cbot took shape to provide a centralized location where buyers and sellers can meet. Our meeting rooms and social spaces are enlivened with our team of smart committed collegial people coming together every day to innovate and solve tough market problems. The floor where trading activities are conducted. Will they ever reopen.
The closing will take effect friday at the close of business. Told the sec that the small exchange could be copied by other electronic trading firms and if numerous trading floors were opened trading firms would have trouble staffing. Back then we did all our business on chicago s noisy exchanges. Now the question is.
The buzz of collaboration. Logistically the trading floors in chicago are set up differently than those of the nyse. After working as a runner and clerk on the trading floor he was a trader on the screen for years before asking last year to return to the floor as a trader in the 10 year treasury options pit. Trading floors are found in the buildings of various exchanges such as the new york stock exchange and the chicago board of trade.
Still credit risk remained a serious problem.
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