CME Group to Reopen Eurodollar Options Trading Pit on August 10
Open outcry trading for all other pits to resume when Chicago and Illinois reach Phase 5 of their reopening plans
NEWS PROVIDED BYCME Group
Jun 09, 2020, 17:01 ET
CHICAGO, June 9, 2020 /PRNewswire/ — CME Group today announced that it will reopen its Eurodollar options trading pit on August 10. Over the next few weeks, the company will reconfigure the pit to meet social distancing standards and put additional safety measures in place. All other open outcry trading pits will remain closed until the City of Chicago and the State of Illinois reach Phase 5 of their reopening plans.
Upon reopening, and before accessing the trading floor, all traders and their clerks will be required to sign a waiver acknowledging and accepting the inherent risk that COVID-19 presents in the open outcry environment.
Additional compliance requirements and procedures for accessing the trading floor will be forthcoming.
As the coronavirus crisis remains fluid, the company will continue to monitor the situation and communicate any changes as needed.
All products, including Eurodollar options, will continue to trade on CME Globex.
As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.
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SOURCE CME Group