CME Group is closing its Chicago trading floor after Friday’s session as a precaution to prevent the spread of the new coronavirus. CME said the trading floor has been disinfected four times since the cleaning staff member was last in the building. CME, the world’s largest futures market, is closing the open outcry pits for futures on its NYMEX property in New York as well. Explore the open outcry hand signals below. The options pits on both floors, where much of the manpower … Earlier today, CME announced that it would extend by one half-hour the floor trading hours for interest rates and FX because the U.S. Labor Department/Bureau of Labor Statistics had originally planned to … “No coronavirus cases have been reported on the trading floor or in the Chicago Board of Trade building. Other exchanges that also shut their floors are now preparing to reopen, with the … CME Group Inc., the world’s largest futures-market operator, said Wednesday it is closing most … CME said the trading floor has been disinfected four times since the cleaning staff member was last in the building. CHICAGO, March 11, 2020 /PRNewswire/ -- 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 … The CME was founded in … ... CME Group, the Globe logo, CME, Chicago Mercantile Exchange… The CME Group today announced it will close its Chicago trading floor as of the close of business on Friday. The global markets exchange is taking precautions to … CME hand signals are the default example, with any variations listed in each exchange category. By Hayley McDowell US derivatives exchange CME Group has confirmed it will reopen its Eurodollar options trading pit in two months, following the closure of trading … Terry Duffy, CME Group CEO, joins "Closing Bell" to discuss the decision to close the trading floor amid the coronavirus outbreak. Hand Signal Galleries. The company’s headquarters at 20S Wacker Drive will remain open,” CME … The reopening of the trading floor will be evaluated as more medical guidance on the coronavirus becomes available. CME Group Inc (NASDAQ:CME) is down 7.16% to trade at $180.74 this morning on news that the exchange operator is planning on closing its Chicago trading floor on Friday evening, due to … 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. Wacker Drive. CME Group Inc. will close its trading floor at the end of the week as exchanges alter their operations to control the spread of the coronavirus. Chicago-based exchange CME Group Inc., CME, +1.73% said on Wednesday that it will close its trading floor at the end of the week, as fear of the spread of COVID-19 grips financial markets. Upon reopening, and before accessing the trading floor, all traders and their clerks will be required to sign a waiver acknowledging and accepting the inherent risk that COVID-19 presents in the open outcry environment. Some exchanges like the NYSE and CME still use floor trading for large companies and more complicated trades. The Eurodollar options trading floor at CME Group in Chicago is scheduled to reopen on 10 August, and traders will be required to sign a waiver before access. One of the last vestiges of the swashbuckling era of commodities floor trading is fading away. CME Group released a statement on Wednesday announcing it will close its Chicago trading floor at the close of business on Friday. “The eurodollar options pit will continue to operate,” according to the … The COVID-19 crisis forced CME Group to shut down its floor trading operations and go remote (CME did recently announce that the Eurodollar options pit would reopen in August, while the … After the CBOT and CME merged in 2007, they combined trading floors at that location, closing CME's pits on Wacker Drive. 5 6 Floor trading allows for showmanship and to simplify large, … CME Group Inc. reported a third case of covid-19 on its trading floor in Chicago despite strict safety measures, highlighting the challenges businesses are facing to reopen during the … CME closed the floor in March as the virus spread and states across the U.S. put stay-at-home orders in place.
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