The birthplace of open-outcry trading pits bids farewell to the tradition as CME caves in to the technological revolution already adopted by its peers The old days: a trader at the Chicago Mercantile ...

The commodities futures pits in Chicago and New York where thousands of traders used to use hand signals to buy and sell everything from pork bellies to grains closed after the bell on July 6.

Aaran Fronda ponders what has been gained and lost Traders in futures pits in Chicago - many of which have recently been closed, paving a new future for trading The decision by CME Group to close many ...

The trading pits of yore are mostly dead. A few years ago even the CME announced that it would permanently close most of its remaining open-outcry trading venues in Chicago. It felt like the end of an ...

The first day of May was a watershed moment for agricultural commodity markets and farmers and ranchers. May 1 marked the end of live-person pit trading at the Chicago Mercantile Exchange and its ...