The Merc closed its futures pits in Chicago and New York in July last year
The Chicago Mercantile Exchange has said
it will close its New York trading floor by the end of the
year, as open outcry options volumes generated by trading there
dropped to 0.3% of CME’s total energy and metals
The Merc also said that it will make space
for floor traders to move to electronic trading systems at the
company's One North End Avenue facility in Battery Park, New
York, at the beginning of the fourth quarter.
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