Fox Business opens new Chicago bureau overseeing Merc trading floor

Warner Todd Huston of Chicago Now reports that Fox Business Network has opened its new Chicago bureau overlooking the trading floor of the Chicago Mercantile Exchange.

Huston writes, “Interestingly, this marks as the very first time a financial network will have its own, branded booth so close to the floor.

“Thursday afternoon I spoke to Fox Business Network correspondent Jeff Flock about the grand opening of the CME booth and asked him what made the Network make this move. ‘Since both exchanges were consolidated there that makes that floor the center for futures trading in the country and now Fox Business will have a permanent presence where all the traders can see us.’

“‘It took no special influence to get us in there, but we just think its an important market to cover. We just recognized from the start that this is the center for futures trading, maybe in the world when it comes down to derivatives — and derivatives are a huge story because they allow the hedging of risk for the entire market. To have both agricultural as well as financial commodities on the same floor, you almost have to be there.'”