CME Group to Permanently Close Most Open Outcry Trading Pits
May 04 2021 - 7:04PM
Dow Jones News
By Josh Beckerman
CME Group Inc. said it won't reopen the physical trading pits
that were closed in March 2020.
The company said the Eurodollar options pit, which reopened last
August, will remain open, allowing these contracts to continue to
trade in both open outcry and electronic venues.
CME also said that, subject to regulatory review, it will delist
its full-size, floor-based S&P 500 futures and options
contracts following the expiration of the September 2021 contracts
on Sept. 17, 2021. Open interest that remains after the delisting
will be migrated into the E-mini S&P 500 futures and options
contracts available electronically on CME Globex.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
May 04, 2021 18:49 ET (22:49 GMT)
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