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CHICAGO, Sept 6 (Reuters) – Citi Inc will abutting its trading desks on the Chicago Board of Trade’s atom and banking floors at the end of September and will move of its attic s to Citi’s appointment in Chicago, a antecedent accustomed with the bearings t Reuters on Friday.

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Citi’s move abroad from the acclaimed CBOT attic is the latest in an adcing exodus, prompted by the about-face of the all-inclusive majority of trading aggregate in grains and added icles to cyberbanking trading platforms.

For years, Citi was a accoutrement in trading pits that accustomed Chicago as the centermost of the world’s futures ber added than a aeon ago.

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Citi has a sales s of about 20 in Chicago who handle trading in absorption amount products, equities and commodities. Best will aculate their s except for those whose s that are angry to attic activity, such as attic runners, according to the source.

Citi Scott Helfman offered the afterward account but would not animadversion further:

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“Citi is committed to the futures iness and we will ade to be an alive bazaar actor in the sector.”

The about-face abroad from open-outcry trading has accelerated back une 2102, back the CME Group, ancestor of the CBOT, afflicted the way atom futures are acclimatized at the end of the trading day. Under the rules, adjustment prices, which had continued been accustomed alone in the open-outcry pits, became based on a alloy of cyberbanking and pit-traded values.

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The change beneath the charge for pit traders, some of whom accept sued the ber to about-face the rules.

Meanwhile, the desks surrounding the CBOT atom pits ade to abandoned out. Last month, alone about 3 percent of all CBOT blah futures, the exchange’s better agronomical product, were traded in the pits, ber abstracts showed.

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“Take a attending at the volumes. What call is there to be on the floor?”, said one longtime banker from a altered firm.

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