CME Group Eurodollar options pit to remain closed until August 10
Derivatives marketplace operator CME Group has announced that it will reopen its Chicago-based Eurodollar options trading pit on August 10.
The pit has been closed since March 13, in the wake of the Covid-19 pandemic.
Over the next few weeks, the company will reconfigure the pit to meet social distancing standards and put additional safety measures in place. All other open outcry trading pits will remain closed until the City of Chicago and the State of Illinois reach Phase 5 of their reopening plans.
Upon reopening, and before accessing the trading floor, all traders and their clerks will be required to sign a waiver acknowledging and accepting the inherent risk that Covid-19 presents in the open outcry environment.
Additional compliance requirements and procedures for accessing the trading floor will be forthcoming.
As the coronavirus crisis remains fluid, the company said that it will continue to monitor the situation and communicate any changes as needed.
All products, including Eurodollar options, will continue to trade on CME Globex.