GOING UP FOR SALE: SAY GOODBYE TO THE KANSAS CITY BOARD OF TRADE!!!
Kansas City will soon witness the end of a trading tradition that dates back more than century and a half.
To wit . . .
THE KANSAS CITY BOARD OF TRADE BUILDING IS GOING UP FOR SALE AND THEY'RE MOVING TRADING TO CHICAGO!!!
Here's the damage:
Wall Street Journal Reports . . . Pit trading in Kansas City is relocating entirely to Chicago, ending a tradition that goes back more than 150 years to daily grain auctions on the banks of the Missouri River. CME confirmed the planned sale of the Kansas City property.
More . . .
CNBC: CME, which gained ownership of most of the Kansas City Board of Trade building when it purchased the grain exchange for $126 million last year, is recruiting a real estate broker, spokeswoman Laurie Bischel said.
And so Kansas City is no longer that much of a financial center as technology and finance conspire against longstanding traditions.
DEVELOPING . . .