Chicago looting leads Cboe to delay C1 trading floor reopening
It looks like traders in Chicago’s Cboe Options Exchange trading floor will have to wait a little longer before getting back to work in person.
The Cboe, one of the world’s largest financial exchange operators, announced today that it plans to postpone the reopening of its Cboe Options Exchange trading floor in Chicago until Monday, June 15, 2020.
The floor reopening was previously scheduled for Monday, June 8, 2020. The decision to postpone the reopening is in light of closures across the city of Chicago and limited access to the area surrounding the Cboe building, in the aftermath of looting and rioting which has taken hold of major US cities, including the windy city.
The Cboe said it is continuing to monitor the situation closely.
Trading on C1, Cboe’s hybrid open outcry and electronic exchange, has been available in an electronic-only trading mode since March 16, 2020 in the advent of the Covid-19 pandemic. The Cboe said it will continue to be fully electronic until (at least) June 15. Upon the trading floor reopening, C1 will revert to its hybrid trading mode.