Reuters logo
CME Group closes futures pits without extended U.S. review
July 6, 2015 / 9:11 PM / 2 years ago

CME Group closes futures pits without extended U.S. review

CHICAGO, July 6 (Reuters) - CME Group Inc ended open-outcry trading in most of its futures markets as planned on Monday as the U.S. Commodity Futures Trading Commission chose not to extend a review of the closures, according to the agency.

A small group of Chicago traders and brokers last month asked the CFTC to open a 90-day review of the planned closure of the pits.

The CME is closing its historic futures pits in Chicago and New York because of dwindling open-outcry volume as the industry increasingly moves toward screen trading. (Reporting by Tom Polansek; Editing by Matthew Lewis)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below