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Technology and progress bypass Chicago's pit traders

Saturday, July 4, 2015 - 05:50

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THOSE WERE THE DAYS: Grain trading taking place on the floor of the Chicago Board of Trade in Chicago, Illinois in this old photo.

Chicago

TECHNOLOGY has long benefited Chicago's futures exchanges, historians say, even though electronic trading is the final blow for its human brokers, rendering obsolete the "open-outcry" futures pits on the trading floor where they have worked for generations.

CME Group Inc

sentifi.com

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