Spoo pit circa 1982

The above photo is from October 1982 and shows the S&P; 500 pit at the CME just months after launch of the contract earlier in the year on April 21st.  The Merc wasn’t the first to launch a stock index contract and was beat by the Kansas City Board of Trade’s Value Line contract by a couple months.   

Leave a Reply

Your email address will not be published. Required fields are marked *