Monday July 6th is the last day of action for many of the trading pits at the Chicago Board of Trade. The S&P futures and options pits will remain open, but the rest of the pits at the nation’s oldest futures exchange are going dark as more trading moves online.
Monday July 6th is the last day of open outcry trading in many of the trading pits at the Chicago Board of Trade. In this interview with NYU cultural anthropologist Caitlin Zaloom, we take an anthropological look at the pits and ask the question: Why did Chicago come to define futures trading? Zaloom is Associate Professor of Social and Cultural Analysis at New York University.
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