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CME GROUP INC.

(CME)
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CME : calls time on most of its physical trading pits

05/04/2021 | 08:41pm EDT
FILE PHOTO: Men enter the CME Group offices in New York

May 4 (Reuters) - Futures exchange operator CME Group Inc said on Tuesday it has decided to permanently close the physical trading pits it shut last March due to the COVID-19 pandemic.

The company said the eurodollar options pit, which was reopened last August, will remain open, allowing the trade of contracts in both open outcry and electronic venues. However, grain trading pits will remain closed. (https://refini.tv/3ukj3Im)

Open outcry traders use hand signals and shouting to communicate bids and offers in trading pits that until recent years were packed with brokers wearing bright-colored jackets.

Chicago-based CME shuttered its trading floor in the city a year ago as part of efforts to reduce large gatherings that can contribute to the spread of the coronavirus.

The exchange operator had already closed most of its futures pits in 2015 as trading volumes shifted to electronic platforms, although more than 20 products including eurodollar, as well as grain, livestock, dairy and lumber options, were still traded in pits.

Open-outcry trading is an increasingly rare tradition in global markets. The 144-year-old London Metal Exchange said last month that it plans to announce around June 8 whether it will reopen its open outcry trading ring or permanently shut the only such floor in Europe.

The New York Stock Exchange partially reopened its trading floor in May 2020. (Reporting by Noor Zainab Hussain in Bengaluru and Julie Ingwersen in Chicago; Editing by Devika Syamnath and Richard Pullin)


© Reuters 2021
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Financials (USD)
Sales 2021 4 879 M - -
Net income 2021 2 233 M - -
Net Debt 2021 577 M - -
P/E ratio 2021 33,5x
Yield 2021 2,96%
Capitalization 74 710 M 74 710 M -
EV / Sales 2021 15,4x
EV / Sales 2022 14,3x
Nbr of Employees 4 370
Free-Float 98,6%
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Technical analysis trends CME GROUP INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 24
Average target price 208,40 $
Last Close Price 208,05 $
Spread / Highest target 13,0%
Spread / Average Target 0,17%
Spread / Lowest Target -27,4%
EPS Revisions
Managers and Directors
NameTitle
Terrence A. Duffy Executive Chairman & Chief Executive Officer
John William Pietrowicz Chief Financial Officer & Senior Managing Director
Kevin Dean Kometer Chief Information Officer & Senior MD
Julie Holzrichter Chief Operating Officer & Senior Managing Director
Terry L. Savage Independent Director
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