Pursuits

CME Cuts Ties to 19th Century by Shutting Once-Chaotic Pits

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Marty Greenberg spent 20 years flailing his arms and shouting buy and sell orders in the silver pit at the Commodity Exchange in New York. After retiring, he joined a club that included famed Miami Dolphins quarterback Dan Marino.

One day Greenberg asked Marino if he missed suiting up for the NFL. Marino turned the question around and asked if Greenberg missed trading in the raucous open-outcry pits.