Exchange operator CME Group Inc. on Thursday ended electronic
trading of full-size futures contracts for the Dow Jones Industrial
Average and Nasdaq-100 stock indexes as part of its plan to shut
down most of floor trading by June.
CME announced last month that it would shut down most of its
floor trading in Chicago and New York by July 2 as market share for
that type of trading dropped to just 1%. Most futures contracts are
now traded electronically.
After the announcement, CME immediately removed several equity
index product contracts from trading. Others, such as the contracts
ended on Thursday, couldn't be delisted without a longer filing
period with the Commodity Futures Trading Commission.
The latest change, which went into effect for trade date March
12, was disclosed in a memo dated Feb. 23.
Trading in S&P 500 futures was unaffected.
Write to Saumya Vaishampayan at saumya.vaishampayan@wsj.com
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