Cboe Plans to Reopen Chicago Trading Floor
Cboe Global Markets plans to reopen its Cboe Options Exchange (C1) trading floor in Chicago and resume trading operations on the floor on Monday, June 8, 2020. Cboe expects approximately 50% of floor participants to return on that day, to a newly configured and larger trading floor.
Upon reopening, the floor will operate under precautionary measures to limit exposure to COVID-19.
Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets, said, "Since the temporary closure of our floor, the Cboe team has worked tirelessly to provide electronic solutions to replicate the benefits of floor trading. As a result, our markets continued to function well and allowed investors to express their views and manage risk throughout this period of extreme market conditions. Still, customers have awaited a return to hybrid trading at Cboe and all of the unique benefits it provides. We look forward to satisfying that demand and welcoming back our trading floor community."
Cboe has developed and will implement extensive health and safety protocols, including reconfiguring the trading floor layout to allow for social distancing and capacity limits, the wearing of face coverings, enhancing daily cleaning and sanitizing procedures, conducting medical screenings at entry points of the building, and restricting trading floor access only to trading floor personnel where Cboe is notified in advance.
Trading on C1, has been electronic-only since March 16, 2020.