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CME calls time on most of its physical trading pits By Reuters

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CME calls time on most of its physical trading pits By Reuters



© Reuters. FILE PHOTO: Men enter the CME Group offices in New York, U.S., October 18, 2017. REUTERS/Brendan McDermid

(Reuters) – Futures exchange operator CME Group Inc (NASDAQ:) said on Tuesday it has decided to permanently close the physical trading pits it shut last March due to the COVID-19 pandemic.

The company said the eurodollar options pit, which was reopened last August, will remain open, allowing the trade of contracts in both open outcry and electronic venues. However, grain trading pits will remain closed.

Open outcry traders use hand signals and shouting to communicate bids and offers in trading pits that until recent years were packed with brokers wearing bright-colored jackets.

Chicago-based CME shuttered its trading floor in the city a year ago as part of efforts to reduce large gatherings that can contribute to the spread of the coronavirus.

The exchange operator had already closed most of its futures pits in 2015 as trading volumes shifted to electronic platforms, although more than 20 products including eurodollar, as well as grain, livestock, dairy and lumber options, were still traded in pits.

Open-outcry trading is an increasingly rare tradition in global markets. The 144-year-old London Metal Exchange said last month that it plans to announce around June 8 whether it will reopen its open outcry trading ring or permanently shut the only such floor in Europe.

The New York Stock Exchange partially reopened its trading floor in May 2020.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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India adds 311,170 daily coronavirus infections to nearly 24.7 million By Reuters

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India adds 311,170 daily coronavirus infections to nearly 24.7 million By Reuters



© Reuters. FILE PHOTO: A couple mourns as they stand next to the funeral pyre of a relative who died due to the coronavirus disease (COVID-19), at a crematorium in New Delhi, India, May 10, 2021. REUTERS/Adnan Abidi

BENGALURU (Reuters) – India’s tally of coronavirus infections reached nearly 24.7 million on Sunday, boosted by 311,170 new cases over the last 24 hours, while deaths rose by 4,077.

The South Asian nation’s tally stands at 24.68 million with the death toll at 270,284, health ministry data showed.

(Corrects tally in headline, paragraph 1)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Altcoins pop while Bitcoin looks for support near $50,000 By Cointelegraph

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Altcoins pop while Bitcoin looks for support near ,000 By Cointelegraph



Altcoins pop while Bitcoin looks for support near $50,000

(BTC) continues to look for direction, but as this occurred, Ether (ETH) and altcoins bounced higher from the Thursday sell-off. Dogecoin (DOGE) shocked investors with its 47% rally that kicked off after Coinbase announced that it would list DOGE in the coming months. DOGE’s price also rallied after Elon Musk tweeted that he was “working with Doge devs to improve system transaction efficiency. Potentially promising.”

While many altcoins have seen double-digit gains during the recovery, the price of Bitcoin has continued to languish near the $50,000 level as whale wallets containing at least 1,000 BTC have declined by 4.7% compared to the previous month, indicating possible profit taking or a rotation into different assets.

ETH/USDT 4-hour chart. Source: TradingView
Percentage of total market capitalization dominance. Source: CoinMarketCap
Daily cryptocurrency market performance. Source: Coin360