trading floor

Closing of Chicago trading pits: A requiem for family ties

Christine Stibbens, Reuters
July 2, 2015
Thomas Cashman was not long out of law school when his dad, Tom, brought him to the Chicago Board of Trade soybean pit in 1994. The two spent the next 10 years trading side by side, until Thomas moved upstairs to begin trading on computer screens.

Floor stories: Coming and soon to be going

Daniel P. Collins
May 11, 2015
Shortly after coming to Futures I profiled a friend of mine who was a successful Eurodollar trader. His story, like so many others, is unique to the Chicago trading community.

Letting go of everything but common sense

Daniel P. Collins
April 7, 2015

In our April cover story “End of an era,” we talk to numerous futures floor traders regarding CME Group’s decision to close its fut

End of an Era

Daniel P. Collins
April 7, 2015
Despite the fact that the end of floor trading was an industry-wide known inevitability, the announcement came as surprise to those still making a living on the floor who argue it was more personal vendetta than sound business decision.

What CME Group is not telling you about closing the futures pits

Bradley S. Glass
March 4, 2015

From the Feb. 4 announcement that the “open outcry” future pits on the CME Group Exchanges at 141 W.

CME Group

CME Group members not surprised, but still pissed

Daniel P. Collins
February 6, 2015
The special meeting for CME Group members with its management team on Friday afternoon to discuss CME Group’s recent announcement that it was closing most of its futures pits had gone on for less than a half-hour when some members began trickling out. They had heard enough.

CME Group puts Nymex building up for sale

Prashant Gopal and Matthew Leising
May 29, 2013
CME Group Inc. hired real estate brokers to sell its 16-story New York Mercantile Exchange tower.