Friday, April 13, 2012

Stop The Presses! Traders Are Walking Out Of The CME En Masse After A Controversial Trade



Holy Hannah!  Here's something interesting that happened in options pits in Chicago today.   Dow Jones is reporting that at the CME Group about 95% of the independent floor traders (aka "locals") staged a walkout boycotting pit-trading options of Eurodollar futures on Friday.

Eurodollar futures are the most actively traded interest rate product at the exchange, the report said

Read more: http://www.businessinsider.com/cme-group-independent-traders-walk-out-2012-4#ixzz1rwPFzVDq

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