Posted on 03/11/2020 4:37:54 PM PDT by Enlightened1
The closing will take effect Friday “at the close of business,” CME said in a statement, noting that no coronavirus cases have been reported at the Chicago Board of Trade trading floor.
This would make CME the first major U.S. exchange to close a trading floor due to concerns over the coronavirus.
CME Group announced Wednesday night it will close its Chicago trading floor in a precautionary move due to the coronavirus outbreak.
The closing will take effect Friday “at the close of business,” CME said in a statement, noting that no coronavirus cases have been reported at the Chicago Board of Trade trading floor.
This would make CME the first major U.S. exchange to close a trading floor due to concerns over the coronavirus. The New York Stock Exchange is taking precautionary measures as well, working to separate traders and other employees, according to a Reuters report citing an internal memo.
CME said floor traders in Chicago will receive an “additional q&a” on Thursday “related to the execution of certain floor products, procedures and protocols and other floor-related practices.”
CME’s announcement comes after several companies advised employees to work from home in an effort to prevent contagion from the virus. At the country level, Italy expanded a nationwide shutdown to all stores except grocery stores and pharmacies. The National Collegiate Athletic Association also announced its upcoming men’s and women’s basketball tournaments will be held without fans.
Global coronavirus cases have breached above 124,000, data compiled by Johns Hopkins University shows. In the U.S., the number of cases totaled at least 1,110 along with more than 30 deaths.
(Excerpt) Read more at cnbc.com ...
No!!
Prayers!
this is very concerning to those of us that are taking this outbreak seriously...
It goes Trump then Pence..that Pelosi.
God Help us
Trump would have the best care nothing will happen to him. Please people. ENOUGH.
All the wealth I’ve carefully garnered over the past twenty years is being lost to a farce.
I suppose you think Trump getting the virus will have no effect..oh boy..you think the stock market is bad now...
btw,..hey its just the flu
https://heavy.com/news/2020/03/cbs-building-coronavirus-evacuated-nyc/
This is not that big of a problem since over 90% of the Merc’s trades are already done electronically. Open floor outcrying has been dwindling over the last 10 years.
Exactly, Stop with the MSM/DNC driven hysteria. The economy is getting crushed.
I have witnessed this many times with my late grandparents who took massive hits with so many "crisis" real and farcical. It's agonizing when they go low or just eliminated.
Why don’t they just close down the whole damned Democrat ruined city! Would save a lot of lives on the Southside too.
No Rick “Tea Party” Santelli live shot from the CME floor on CNBC today? Drats, he is always entertaining. ;-)
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