Chicago Says Goodbye to CME’s Last Commodity Trading Pits

It’s the end of an era for open outcry commodities trading, made famous by the film “Trading Places” with Eddie Murphy and Dan Aykroyd.

The CME Group Inc. said Tuesday that its last few remaining pits in Chicago where agricultural commodities options traders still yelled their bids will be close permanently. Futures transactions had already been fully replaced by electronic trading, while options pits had been active until March 2020, when Covid-19 measures forced them to be closed.

“I guess I am not surprised,” said Dan Huber, an independent broker who spent 31 years on the trading floor. “Sad ...