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CME Group to shutter New York trading floor

CME Group Inc.will permanently close its trading floor in New York, effective Dec. 30.

Open outcry options volume on the floor represents 0.3% of theexchange's overall energy and metals trading volumes, the company said. CME endedfutures trading on the floor in July 2015.

Beginning in the fourth quarter, CME will make space availablefor floor traders to move to electronic trading at its One North End Avenue facilityin Battery Park. Once open outcry trading ends on the floor, CME plans to subleasethe space but will retain its existing office space in the building for staff.

The options products listed with and subject to the rules andregulations of NYMEX and COMEX will be available for trading on CME Globex, andfor submission for clearing through CME ClearPort.

The exchange's Chicago trading floor will remain open for bothoptions and futures trading. The New York floor's closing is subject to review bythe Commodity Futures Trading Commission.