CME Group to Permanently Close Most Open Outcry Trading Pits

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 [e-mail]

(END) Dow Jones Newswires

05-04-21 1849ET