Chicago | Reuters –– CME Group said Tuesday it will delay the closure of its open-outcry futures markets in Chicago and New York by at least one trading day due to a technical revision in its filing with the U.S. Commodity Futures Trading Commission.
The final open-outcry session is now expected to be on July 6, not July 2 as previously announced, pending the expiration of the regulator’s review period.
The CFTC could also delay the pits’ closure by up to 90 days, CME said in a release.
CME, which operates the CBOT, CME, NYMEX and COMEX exchanges, said in February it would close its open-outcry futures trading, citing trading floor volumes that had fallen to just one per cent of CME’s total futures volume.
— Reporting for Reuters by Karl Plume in Chicago. Includes files from AGCanada.com Network staff.