Tweet
The CME Group has announced that they will be closing most of its futures trading pits in Chicago and New York by July 5, 2015. The following trading floors are included:
CME (Chicago Mercantile Exchange)
CBOT (Chicago Board of Trade)
NYMEX (New York Mercantile Exchange)
COMEX (Commodity Exchange)
According to the CME Group Announcement:
- The decision was made as a result of Open Outcry trading now accounts for just 1 percent of the overall total futures trading volume.
- The S&P 500 futures contract (SP #F) will remain open on the Chicago trading floor.
- Options markets will remain open on the trading floors except for DJIA ($10) and NASDAQ 100.
As of July 5, 2015, Open Outcry (Pit trading) symbols will no longer update other than a daily settle price based on the electronic session. This includes any futures contract that uses a Pit specific symbol (i.e. AD #F, ED Z5, US U5) as well as any =2 symbol (such as CL #F=2). Trade and quote activity will be available exclusively on the electronic symbol equivalents.
The removal of the floor session for these symbols will make the composite symbols effectively the same as the electronic symbols. At a later time, we’ll announce some additional changes that will likely lead to the discontinuation of the redundant symbols. If you have any questions regarding this change, please contact our Support team.
Thank you,
Ray P.
eSignal Support
CME (Chicago Mercantile Exchange)
CBOT (Chicago Board of Trade)
NYMEX (New York Mercantile Exchange)
COMEX (Commodity Exchange)
According to the CME Group Announcement:
- The decision was made as a result of Open Outcry trading now accounts for just 1 percent of the overall total futures trading volume.
- The S&P 500 futures contract (SP #F) will remain open on the Chicago trading floor.
- Options markets will remain open on the trading floors except for DJIA ($10) and NASDAQ 100.
As of July 5, 2015, Open Outcry (Pit trading) symbols will no longer update other than a daily settle price based on the electronic session. This includes any futures contract that uses a Pit specific symbol (i.e. AD #F, ED Z5, US U5) as well as any =2 symbol (such as CL #F=2). Trade and quote activity will be available exclusively on the electronic symbol equivalents.
The removal of the floor session for these symbols will make the composite symbols effectively the same as the electronic symbols. At a later time, we’ll announce some additional changes that will likely lead to the discontinuation of the redundant symbols. If you have any questions regarding this change, please contact our Support team.
Thank you,
Ray P.
eSignal Support