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CME GROUP TO REDUCE ITS TRADING HOURS
Jan. 30, 2013
BrownfieldAgNews reports:
Less than a year after expanding the trading day to 21 hours, CME Group says it will reduce hours, pending approval by the CFTC.
According to the Group, the reduction is in response to a formal survey and customer complaints about the longer trading day, which started May 2012 and was in response to a 21 hour trading day by the competing Intercontinental Exchange.
Additionally, the Group is also considering adding a pause during the session so traders have time to digest USDA reports now issued at Noon Eastern.
The CME Group owns the Chicago Mercantile Exchange, Chicago Board of Trade, Kansas City Board of Trade, the New York Mercantile Exchange, and 90% of the Dow Jones Indexes.
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