05.05.2021

CME Closes Most Open Outcry Pits

05.05.2021
CME Closes Most Open Outcry Pits

CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it will not reopen its physical trading pits that were closed last March due to the outbreak of the COVID-19 pandemic.  The Eurodollar options pit, which was reopened last August, will remain open, allowing these contracts to continue to trade in both open outcry and electronic venues.

CME Group also announced 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 September 17, 2021.

Open interest that remains after the delisting will be migrated into the E-mini S&P 500 futures and options contracts that are available electronically on CME Globex.

All individual trading positions will be converted into the corresponding E-mini S&P 500 contracts with the matching expiration date and strike price for options at the current 1:5 ratio.

Source: CME

 

 

Related articles

  1. All fixed income workflows can be handled from one application.

  2. Cleared OTC Equity Trades Rise

    Average daily volume rose 20.4% to $1.2 trillion for the quarter.

  3. U.S. Treasury ADV rose 64% to $22.7bn, and credit ADV was up 15% to $12.3bn.

  4. Jacques Aigrain and Rana Yared will join effective 1 August 2022.

  5. Trading Europe From ‘Across the Pond’

    ISDA warns on proposed changes to post-trade deferrals regime.