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CME Lawsuit Could Redefine ‘Trading Floor’ in the Age of Electronic Markets
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CME Lawsuit Could Redefine ‘Trading Floor’ in the Age of Electronic Markets
A high-stakes legal battle is underway in downtown Chicago, where a class of longtime traders is suing CME Group—the operator of the Chicago Mercantile Exchange (CME) and the Chicago Board of Trade (CBOT)—over allegations that it breached contractual rights tied to legacy trading floor memberships. Opening statements in the case began on July 7, before Cook County Circuit Judge Patrick J. Sherlock at the Richard J. Daley Center. At the heart of…
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