New closing times for CME traders

By Kris Bevill | January 01, 2008
Web exclusive posted Jan. 16, 2008, at 12:28 p.m. CST

Trading company CME Group has announced new pre-open closing times for all oilseed contracts traded on CME Globex. Contracts listed at the Chicago Board of Trade, the Kansas City Board of Trade and the Minneapolis Grain Exchange will now close at 4 p.m. CST. The adjusted time affects trades on soybean, soymeal and soy oil futures, as well as South American and mini-sized soybean futures. Mary Haffenberg of CME Group said the closing time change from 4:30 p.m. to 4 p.m. was put in place in order to keep closing times uniform with other markets. Closing trading at 4 p.m. allows clocks to be reset to the next day so that when trading resumes, the electronic time stamp is correct.
 
 
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