CME GROUP CHICAGO TRADING FLOOR HOLIDAY SCHEDULE FOR 2015* All times are Central Standard Time HOLIDAY DATE AND TIME ON WHICH NOTED CME GROUP TRADING CLOSES EARLY DATE ON WHICH THE CHICAGO TRADING FLOOR IS CLOSED Dr. Martin Luther King Jr. Day Monday, Jan 19 Monday, January 19, 2015 Presidents’ Day Monday, Feb 16 Monday, February 16, 2015 Good Friday … Steve Quirk, a senior vice-president at broker TD Ameritrade who got his start in the Chicago pits, said he doesn’t think closing trading floors is likely to make markets more dangerous. — Jeremy Grant (@TradingJeremy) March 12, 2020. CME Group, which operates other exchanges, announced last week that it was shutting its in-person trading floor. Most trading of futures contracts occurs electronically. The closing will take effect Friday “at the close of business,” CME said in a statement, noting that no coronavirus cases have been reported at the Chicago Board of Trade trading floor. "While we are taking the precautionary step of closing the trading floors, we continue to firmly believe the markets should remain open and accessible to investors." James Allen Smith 2,110 views. CME Group Inc will retain traditional open-outcry trading floors for now, even as its growth lags far behind electronic trading, Executive Chairman Terry Duffy said on Monday. Both the futures-exchange giant CME Group and Nasdaq, which trades technology stocks, have closed their trading floors and switched to backup electronic trading systems. It is important to note that trading will continue as usual. As such, next week would mark the first unscheduled market-wide shutdown since September 2001. While once-robust floor trading has dwindled to a murmur, CME Group remains the world's leading derivatives marketplace through electronic trading. Its first day of trading went off without a hitch, a rare moment of glory for the iconic trading floor, which is sleepy most days. It said the closing is a precaution to limit large gatherings that can spread the coronavirus. CME Globex trading halts for Interest Rate and Foreign Exchange products at 12:00 noon and resumes also at 5:00 p.m. (for trade date of Feb. 21) Not resting on its oars, the CME launched its Bitcoin options on futures contracts on January 13, 2020, due to increasing demand from its clients. “While we are taking the precautionary step of closing the trading floors, we continue to firmly believe the markets should remain open and accessible to investors. Cynics have long argued that the CME brass has wanted to close the trading floors since the advent of electronic trading. Monday, Feb. 20 Exchange trading floors are closed in observance of Presidents' Day. The CME recently announced it will be closing its historic futures pits this summer, a move that, while not unexpected, came across as sudden. CME Group released a statement on Wednesday announcing it will close its Chicago trading floor at the close of business on Friday. Note that the CME Group, the futures-exchange giant and equity exchange NASDAQ have already closed their human trading floors. “While we are taking the precautionary step of closing the trading floors, we continue to firmly believe the markets should remain open and accessible to investors," Cunningham said in a statement. Trading Floor: The floor where trading activities are conducted. Coronavirus: CME Group Closing Chicago Trading Floor ... CME’s bitcoin futures contracts trading volume has surged to the $1 billion mark, with open interest nearing a massive $350 million. The announcement of closing the Chicago trading floor came from the CME Group right after various companies asked their employees to work from home to avoid coronavirus outbreak. The closing of NYSE's trading floor follows moves from exchange operators CME Group and Cboe Markets, both of which closed their Chicago-based trading pits this week. The first is what CME will save in dollars by closing trading the floors. The closing of NYSE's trading floor follows moves from exchange operators CME Group and Cboe Markets, both of which closed their Chicago-based trading pits this week. CHICAGO - CME Group is closing its Chicago trading floor after Friday's session as a precaution to prevent the spread of the new coronavirus. Coronavirus - CBOE joins the CME in closing their trading floor - complete shift to screen trading Sun 15 Mar 2020 23:25:28 GMT Author: Eamonn Sheridan | Category: News Share. Chicago-based exchange CME Group Inc., CME, +1.73% said on Wednesday that it will close its trading floor at the end of the week, as fear of the spread of COVID-19 grips financial markets. See the latest updates, context, and perspectives about this story. In the old days, this would be a big deal in terms of trading activity. The global markets exchange is … Both avenues have already switched to electronic trading systems. Recently, the leading San Francisco-based crypto exchange Coinbase instructed its employees to stay at their homes and work from there. CME Globex halts equity trading at 10:30 a.m. and resumes trading at 5:00 p.m. (for trade date of Feb. 21). 2:12 . NYSE is the third major US exchange to shut down its trading floor because of the Coronavirus scare. Source: CME @CMEGroup closing its trading floors due to #CoronavirusPandemic. Sign up for newsletter. CME Trading Floor After Futures Market Close, Options Expiration, May 20, 2010 ... End Of An Era: CME closing floors announcement - Duration: 2:12. The closing of CME’s trading floors on March 13 didn’t disrupt trading volume, the analyst reports, and could actually enhance the company’s profit. The Chicago Mercantile exchange (CME Group) is the second company which launched a bitcoin futures in the U.S. – will close its Mall in Chicago, March 13, responding to what the world health organization called the coronavirus pandemic. Pin. Share. Tweet. At the time, it said no cases had been reported. CME Group and NYMEX entered into a strategic partnership in May 2006 to offer all NYMEX energy and metals contracts to trade electronically on the CME Globex(R) electronic trading platform. Both the futures-exchange giant CME Group and Nasdaq, which trades technology stocks, have closed their trading floors and switched to backup electronic trading systems. The second question, and perhaps the more important one, is what new risks this poses for investors and exchanges. Today, more than one million NYMEX contracts trade every day electronically. 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