AS open-outcry futures trading has fallen to just 1% of the firm's total futures volume, CME Group announced that it will close most of its futures trading pits in Chicago, Ill., and New York City by July 2.
The floor-based S&P 500 futures market, which continues to provide an important venue for trading the underlying futures contract for the open-outcry S&P 500 options on futures contracts, will remain open on CME's Chicago trading floor.
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