CME Group announced that it would close most of its open outcry futures trading facilities in Chicago and New York by July 2, 2015. Most options contracts that trade actively on both the floor and electronically, and the S&P 500 futures contract, will continue to be traded in open outcry markets.

My View: Sadly, the relevance of Trading Places, the 1983 classic comedy starring Dan Aykroyd and Eddie Murphy—about the manipulation of the FCOJ futures contract on a trading floor in the old World Trade Center—will soon have little or no context after the closing of New York trading rings, even though FCOJ futures continue to trade electronically at ICE Futures U.S. (ICE Futures U.S. closed its NY trading floors on February 29, 2008). Alas, neither Duke & Duke principals nor anyone else will be able to enter orders and watch trading on the floor (for legitimate or nefarious purposes) any more!