After the NYMEX close

Almost a year to the day that the Chicago futures pits closed, FT reporter Gregory Meyer wrote a great postmortem of the NYMEX trading floor and how the closure and electronic transition affected various participants.  Highly recommended to take the time to read it.   The article is paywalled so I’d also highly recommend a FT subscription if you don’t have one already.

For a little peek, my favorite line from the article:

“Money that once sluiced through the chokepoint that was the Nymex floor now spreads across a much broader area, enriching some and stranding others.”

What happened when the pit stopped – Financial Times July 6,2016

Leave a Reply

Your email address will not be published.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