CME will close its Chicago trading floor at end-Friday

The CME Group will close its Chicago trading floor as of close of business Friday, March 13, 2020, as a precaution to reduce large gatherings.  The floor will close indefinitely but Globex trade twill continue.

Key notes

• CME group to close Chicago trading floor as a precaution.
• reopening of trading floor will be evaluated as more medical guidance on coronavirus becomes available.
• will close its Chicago trading floor as of close of business Friday, March 13, 2020, as a precaution to reduce large gatherings.
• no coronavirus cases have been reported on trading floor or in Chicago board of trade building.
• company’s headquarters will remain open.
• all products will continue to trade on CME Globex as they do today.

In other recent news, the CME raises crude oil future NYMEX raises margins by 13.4% to $4,650 per contract from $4,100 for April 2020.