Cme Trading Floor Chicago

The global markets exchange is taking precautions to reduce.

Cme trading floor chicago. Cme group closed its chicago trading floor as of the close of business friday march 13 2020 as a precaution to reduce large gatherings that can contribute to the spread of coronavirus in line with the advice of medical professionals. Said it can t guarantee the safety of workers using its options trading floor when chicago pits reopen. Open outcry trading for all other pits to resume when chicago and illinois reach phase 5 of their reopening plans. The chicago mercantile exchange cme often called the chicago merc or the merc is a global derivatives marketplace based in chicago and located at 20 s.

Cme group released a statement on wednesday announcing it will close its chicago trading floor at the close of business on friday. Cme group today announced it will close its chicago trading floor as of the close of business friday march 13 2020 as a precaution to reduce large gatherings that can contribute to the spread. Despite the slowdown cme shoulders the expense of maintaining 300 000 square feet of trading floor and office space at that location not to mention the staff to oversee trading and an extensive. The merc demutualized in november 2000 went public in december.

Coronavirus closes chicago mercantile exchange trading floor. In a news release wednesday cme group said there have been no confirmed cases of covid 19 in the chicago board of trade building and reopening of the trading floor will be evaluated as. Chicago june 9 2020 prnewswire cme group today announced that it will reopen its eurodollar options trading pit on august 10. The cme was founded in 1898 as the chicago butter and egg board an agricultural commodities exchange originally the exchange was a non profit organization.

Over the next few weeks the company will reconfigure the pit to meet social distancing standards and put additional safety measures in place. Cme group announced wednesday night it will close its chicago trading floor in a precautionary move due to the coronavirus outbreak. The closing will take effect friday at the close of business.