Futures For You by Carley Garner
THE TRANSITION FROM OPEN OUTCRY (PART 2 OF 2)
The CME closed the majority of open outcry pits at the end of last year. What are the advantages and disadvantages of the futures markets moving exclusively to the “screen”?
Last month, I outlined some of the positive changes in the commodity industry resulting from the decline of open outcry trading. This month, I want to focus on some of the drawbacks (or at least minor grievances) ...