CME Group to Close Most of Its Chicago Trading Pits Permanently
The exchange operator CME Group Inc. said it would permanently close most of its open-outcry trading pits in Chicago, ending one of the world’s last vestiges of old-fashioned floor trading.
Broker and Trader of Financial Futures at CBOT Shares Tales of Early-Day Hiccups Jim Marzano thought he was going to be a grain merchandiser at Stotler Grain. Instead, he ended up being a broker and a trader at the Chicago Board of Trade. In fact, he made the first...
CME ANNOUNCES CLOSE OF MOST OF ITS TRADING PITS; CBOE DABBLES IN ESG – THE SPREAD
This week on The Spread, the CME Group announces it’s keeping most of its pits closed for good, Cboe announces it’s getting into ESG derivatives, and more.
Jim Krause came to the futures industry from a job in temperature control and HVAC at a company called MCC Powers. He followed Don Serpico, his supervisor at MCC Powers, who had been hired by the Chicago Mercantile Exchange, to the CME. His timing could not have been better. He was hired to develop the clearing system at the CME.
CREDIT SUISSE SUED FOR ALLEGED MARKET MANIPULATION; OIC 2021 A VIRTUAL SUCCESS – THE SPREAD
This week on The Spread, Credit Suisse prepares for round two of a lawsuit alleging it committed market manipulation, a New York vol quant wins big on momentum trades, the OCC wins and gives awards, and more.
HEMP FARMING LOOKING FOR CREDIT; CARBON CREDIT, THAT IS
Well, it is now May, and in most of the United States it is high time to get the field crops planted. Among them is hemp, industrial hemp, which despite being an ancient crop and a generally legal one since 2019, still has an uncertain future.
