Diehards stay on floor in New York, Chicago commodity pits

New York

COMMODITY traders in Chicago and New York aren't ready to call it quits even after CME Group Inc shut most of the futures pits in both cities.

Some brokers and traders will rent booths as office space to trade futures electronically as more active options pits for energy to grains stay open. The owner of the Chicago Mercantile Exchange and the New York Mercantile Exchange announced the decision in February because open outcry deals accounted for just one per cent of futures volume.