CME To Close Chicago Trading Floor as a Precaution
CME Group announced it will close its Chicago trading floor as of the close of business Friday, March 13, 2020, as a precaution to reduce large gatherings that can contribute to the spread of coronavirus in line with the advice of medical professionals.
CME Group will close its Chicago trading floor as a precaution at the close of business Friday, March 13. Read more: https://t.co/BUlPrObBXS
— CME Group (@CMEGroup) March 11, 2020
All products will continue to trade on CME Globex as they do today.
No coronavirus cases have been reported on the trading floor or in the Chicago Board of Trade building. The reopening of the trading floor will be evaluated as more medical guidance on the coronavirus becomes available. The company’s headquarters at 20 S. Wacker Drive will remain open.
The trading floor community will receive an additional q&a related to the execution of certain floor products, procedures and protocols and other floor-related practices.
@CMEGroup closing its trading floors due to #CoronavirusPandemic. In the old days, this would be a big deal in terms of trading activity. But an unintended benefit of electronic trading's almost complete erasure of trading floors where humans jostle and shout is, well, obvious.
— Jeremy Grant (@TradingJeremy) March 12, 2020
The firm will donate net commissions from trading today in memory of Peg Broadbent.
There were notable increases in Latin American and Chinese yen clearing.
Slowdown in economic activity provides a window to accelerate workforce transformation and upskill staff.
Funds will go to charities working to support vulnerable people impacted by COVID-19.
Physical attendance at the AGM will not be possible due to Covid-19.