CHICAGO and NEW YORK, April 13,
2016 /PRNewswire/ -- As declining open outcry options
volume on CME Group's New York
trading floor now represents just 0.3 percent of the company's
overall energy and metals trading volumes, CME Group will close its
New York trading floor at
year-end, subject to CFTC review. All options products listed
with and subject to the rules and regulations of NYMEX and COMEX
will be available for trading on CME Globex, and for submission for
clearing through CME ClearPort.
Since the company announced in Q1 2015 that open outcry futures
trading in New York would end last
Summer, average daily volume for remaining options products traded
through open outcry in New York
has further declined by 53 percent to just 7,500 contracts.
Futures trading on the New York
trading floor was discontinued in July 2015.
In addition, beginning in Q4 2016, CME Group will make space
available for floor traders to transition to electronic trading at
the company's One North End Avenue facility in Battery Park,
NY.
After open outcry trading in New
York ends on December 30,
2016, the company plans to sublease its existing trading
floor space, but will retain its existing office space in the
building for staff.
CME Group's Chicago trading
floor will remain open for trading of options on futures contracts,
as well as S&P 500 futures contracts.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural products and metals.
Around the world, CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform and its
exchanges based in Chicago,
New York and London. CME
Group also operates one of the world's leading central counterparty
clearing providers through CME Clearing and CME Clearing Europe,
which offer clearing and settlement services across asset classes
for exchange-traded and over-the-counter derivatives. CME
Group's products and services ensure that businesses around the
world can effectively manage risk and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT, the Chicago Board of Trade, KCBOT, KCBT and
Kansas City Board of Trade are
trademarks of the Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are registered trademarks of New
York Mercantile Exchange, Inc. COMEX is a trademark of
Commodity Exchange, Inc. All other trademarks are the
property of their respective owners. Further information
about CME Group (NASDAQ: CME) and its products can be found at
www.cmegroup.com.
CME-G
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SOURCE CME Group