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Open Outcry
merc facts



presented by ITVS

independent lens

Merc Facts and Stats

the trading pit at the Merc

  • Butter was originally traded at the Chicago Mercantile Exchange (CME) in units of "car lots", with each unit comprising 300 tubs of 64 pounds of butter. One carload amounted to 19,200 pounds of butter.

  • CME was the first exchange to trade a contract on a living animal - live cattle futures. The contract opened on November 30, 1964.

  • The escalators which service both of the Merc's trading floors are some of the fastest in Chicago, moving at an average speed of 90-95 feet per minute.

  • Both CME trading floors are actually "raised" floors - supported by a series of interlocked stilts. The space between the raised floors varies from six inches to several feet and is used for electric, phone and data wiring. It also houses an advanced smoke detector system.

  • Each trading booth can be set up with as many as 100 separate phone lines for both voice and/or data transmission.

  • Approximately 39 cubic yards of waste paper are produced on the CME trading floor each day. This is the equivalent of 80 large trash bags.

  • It takes approximately 100 gallons of floor wax to treat each of the CME's trading floors. Each floor is stripped and waxed four times a year.

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