CME Group to close Chicago trading floor due to coronavirus concerns

Coronavirus in US spurs panic buying to stock 'pandemic pantries'

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CME Group released a statement on Wednesday announcing it will close its Chicago trading floor at the close of business on Friday. The global markets exchange is taking precautions to “reduce large gatherings that can contribute to the spread of coronavirus.”

In the midst of the Dow Jones Industrial Average entering a bear market and the Standard & Poor’s 500 almost hitting the same benchmark, CME is the first major U.S. exchange group to close its trading floor due to the coronavirus. 

World Health Organization Director-General Tedros Adhanom Ghebreyesus on Wednesday declared the coronavirus outbreak a pandemic, as the global death toll rose above 4,600 and the number of confirmed cases neared 126,000.

CME said in its statement that “no coronavirus cases have been reported on the trading floor or in the Chicago Board of Trade building.”

The company’s Chicago headquarters will remain open, the statement said, but the “reopening of the trading floor will be evaluated as more medical guidance on the coronavirus becomes available.”

Stock market trader on trading floor.

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