Wednesday, February 4, 2015

End of futures pits in July

Time to break out the trading jacket and cards one more time and card up a floor trade for the first time since 2005.....

CME Group to Close Most Open Outcry Futures Trading in Chicago and New York by July; Most Options Markets to Remain Open

Fare Thee Well isn't just the tagline now for the final Grateful Dead reunion concert in July at Soldier Field but also that same week will see the end of futures trading pits as the CME shifts all futures contracts (except the spoo pit) entirely onto the screen.  What a long strange trip it's been.....  That is shaping up to be one helluva week in Chicago for me!

BTW, apologies for not posting in last 6 weeks as between trading and other stuff I'm too busy.  Any time away from the trading screen I'd rather just play with my baby girl rather than doing trading pit history stuff.  I'll get back on the grind before too long though. 
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