OBITUARY: Futures Pits

Futures Trading Comes to an End in CME's Octagonal Pits

Traders in a futures pit, a scene relegated to history as the futures pits were closed by the CME Group on Monday, July 6. (Photo courtesy CME Group. CME image by Leigh Loftus Copyright 2012 Leigh Loftus www.thinkleigh.com)
Futures open-outcry trading pits, a symbol of American capitalism and integral piece of agriculture history, died Monday, July 6, following a long battle with technology.

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