CME Group (CME) says shorter trading hours make no sense
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CME Group Statement on U.S. Treasury Secretary Mnuchin Proposal to Shorten Trading Hours
March 17, 2020 3:32 PM EDTCHICAGO, March 17, 2020 /PRNewswire/ -- In response to U.S. Treasury Secretary Mnuchin's comments today regarding the possibility of shortening financial market hours to address high volatility due to the coronavirus outbreak, CME Group Chairman and CEO Terry Duffy issued the following statement:Â
"We were quite surprised to hear Secretary Mnuchin say he is coordinating with the New York Stock Exchange on possible shortened trading hours, even though he has not reached out to all cash equity and futures markets including CME Group and Nasdaq. Shorter hours make no sense. Financial markets are critical to managing... More
