Chicago & Midwest + Downtown + Finance | May 6, 2021

CME Group Won’t Reopen Most Physical Trading Pits

Most of CME Group’s open outcry trading areas will be passing into Chicago history. The derivatives marketplace said that it would not reopen its physical trading pits at 20 S. Wacker Dr. 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 would delist its full-size, floor-based S&P 500 futures and options contracts following the expiration of the September 2021 contracts.

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, said CME Group.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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