CME to offer screen training to floor traders

Chicago Mercantile Exchange (CME) insisted last week that a new education drive aimed at bringing floor traders up to speed with electronic trading was not a signal that open outcry pits are about to close.

CME said it will establish the Electronic Trading Resource Center (ETRC) by mid-December and two new training programs in the next few months to help members and floor personnel develop the skills and techniques they need for trading in an electronic environment. CME officials said the new facility is aimed at helping floor traders...