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 ...

Hand-to-hand combat When the CME began the process of stripping away over half of its 35 trading pits on July 2, it wasn’t just taking away a defining feature of the Chicago’s financial centre, but ...

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.

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 ...

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 ...

A leading proprietary trading firm based in Chicago, IL. Belvedere Trading is a leading proprietary trading firm that specializes in equity index and commodity derivatives. Our technology and trading ...