CME Group expands e-trading hours
Keeping floor trading hours unchanged, the CME Group announced Tuesday that it will expand electronic trading hours in its CBOT grain and oilseed futures and options beginning Monday, May 14, 2012.
This increases trading hours for CBOT corn, soybeans, wheat, soybean meal, soybean oil, oats and rough rice futures and options on CME Globex to 22 hours per day.
“As we’ve grown our customer base in agricultural commodities around the globe, we’ve received increased interest in expanding market access by providing longer trading hours,” Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group, said in a press release. “In particular, customers are looking to manage their price risk in our deep, liquid markets during market-moving events like USDA crop reports. In response to customer feedback, we’re expanding trading hours for our grain and oilseed products to ensure customers have even greater access to these effective price discovery tools.”
Beginning, May 13 for trade date May 14, customers will have expanded access to CBOT corn, soybeans, wheat, soybean meal and soybean oil futures and options on CME Globex as follows:
· Sunday to Monday, 5:00 p.m. to 4:00 p.m. CT
· Monday to Friday, 6:00 p.m. to 4:00 p.m. CT.
Open-outcry trading hours will continue to operate from 9:30 a.m. to 1:15 p.m. CT Monday to Friday.