Futures Pits To Close In Chicago and New York

All futures pits, except the S&P 500 futures, in Chicago and New York operated by the CME Group are to be closed in July 2015.   This means the only futures pit to remain open is the S&P 500 futures.

This does not come as a shock, as rumors of this possibility had been heard or kind of expected, but the news still makes me go Ohh. Surprised

According to Anita Liskey of CME Group, the "

 

Reference Articles:

CME Group Announcement: CME Group to Close Most Open Outcry Futures Trading in Chicago and New York by July; Most Options Markets to Remain Open

Yahoo News Article: CME Group Set to Close Chicago and NY Futures Pits

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