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Tag Archives: Trading Pits

Plan for New Trading Pit Triggers Feud in U.S. Options Market; Get Your Volatility Signals Right; Dip in volatility stirs warnings about too much complacency Newsletter,Options

Lead Stories Plan for New Trading Pit Triggers Feud in U.S. Options Market Gunjan Banerji – Morningstar Many Wall Street traders have lamented the steady demise of floor trading. But now that one exchange is trying to launch the first U.S. open-outcry trading pit in decades, it isn’t exactly being welcomed. Box Options Exchange LLC hopes to open a new floor for about 40 human traders at the Chicago Board of Trade Building. The exchange, whose electronic platform has one of the smallest market shares in U.S. options, is trying to build up its business by vying for orders executed…

Dear CFTC: Give Us 90 Days Blog,Commentary,Tech / HFT


Some representatives from the CME Group trading floor at the Chicago Board of Trade don’t believe they are being heard by exchange leaders or regulators. More importantly, they don’t believe the interests of their customers are being heard. To rectify that, they are asking the U.S. Commodity Futures Trading Commission to delay the closing of the pits and to conduct a 90-day public comment period for the rule change the CME Group seeks to allow closure of the futures trading pits. The issue they are concerned about is something called “user-defined spreads.” There are customers across various trading pits and…

A Reflection on a Life, Its Influences and the Trading Floor Blog,Commentary

John Lothian

I learned recently a life-long friend was diagnosed with pancreatic cancer.  My friend and former Wisconsin neighbor is older than me.  In fact, at one time he was my  babysitter.  As I learned yesterday the CME would shut down most of its futures trading pits, his story came rushing back to me. He was one of the young men from Southern Wisconsin who found a way to the Chicago futures markets in the early 1980s.  He knew many traders from around the lake, just like the CME Group’s Terry Duffy and CQG’s Pat Kenny did. His sister, who is married…