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CME Can’t Guarantee Trader Safety When Chicago Floor Reopens

  • Floor traders will need to sign a waiver, accept risks: CEO
  • Earliest floor will open is three weeks after lockdown ends
Traders close out business on the floor of CME’s Chicago Board of Trade in 2013.
Traders close out business on the floor of CME’s Chicago Board of Trade in 2013.Photographer: Tim Boyle/Bloomberg
Updated on

CME Group Inc. said it can’t guarantee the safety of workers using its options-trading floor when Chicago pits reopen.

Social distancing isn’t possible in open outcry trading environments and, as a result, the exchange will require anyone willing to resume trading on the floor to sign a waiver accepting the risks of catching the coronavirus, Chief Executive Officer Terry Duffy said at a shareholder meeting Wednesday.