Via a piece in the WSJ with a little more:
- CME to permanently close most of its open-outcry trading pits in Chicago
- pits closed temporarily in March 2020 to prevent the spread of Covid-19
- The only part of CME’s trading floor that will remain open is the Eurodollar options pit, which the exchange operator reopened in August with social-distancing requirements and other measures to protect traders from the coronavirus. Eurodollars are a type of interest-rate contract and represent one of CME’s biggest marketplaces.
- CME is also permanently closing its pit for the trading of futures and options on the S&P 500
A scene from the movie Trading Places set in a trading pit: