• Elimination of Open Outcry Trading Venue in Connection with the Closing of Most CME Group Open Outcry Futures Trading Pits

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7416
      • Notice Date
      • 06 July 2015
      • Effective Date
      • 06 July 2015
    • The Chicago Mercantile Exchange Inc. (“CME”), The Board of Trade of the City of Chicago, Inc. (“CBOT”), New York Mercantile Exchange, Inc. (“NYMEX), and Commodity Exchange, Inc. (“COMEX”), (collectively the “Exchanges”) have eliminated the open outcry trading venue in connection with the closing of the Exchanges’ outcry futures trading with the exception of the CME S&P 500 futures pit for trading the Standard & Poor’s 500 Stock Price Index futures contract.
      The elimination of open outcry trading in all futures pits, with the exception of the S&P 500 futures pit, has now been made effective. Beginning on trade date July 7, 2015, the S&P 500 futures pit will be the only remaining open outcry futures pit on any CME Group trading floor.
      The elimination of open outcry futures trading will not impact the ability of qualified members to continue to execute options/futures spreads via open outcry in the applicable options trading pit.

      Inquiries regarding the aforementioned may be directed to:

      Tom Lord tom.lord@cmegroup.com (312.634.8898) - Trading Floor Operations
      Robert Sniegowski robert.sniegowski@cmegroup.com (312.341.5991) - Market Regulation
      Donna Talamo at donna.talamo@cmegroup.com (212.299.2372) - CFTC Regulatory Filings