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News
Traders cut down to size
July 28, 2000: 1:15 p.m. ET

Chicago Mercantile Exchange orders traders to take off platform shoes
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NEW YORK (CNNfn) - If David Bowie, members of the rock band Kiss or any other glam-rock icons ever decide to trade futures at the Chicago Mercantile Exchange, they'll have to take off their platform shoes and wear flat shoes like any other peon.

graphicOn Thursday the exchange circulated a memo reminding traders of its dress code, which requires they wear safe shoes, and added this specific: shoes with heels higher than two inches are a no-no, starting Monday, July 31.

Male and female traders have taken to wearing platform shoes, in response to fashion trends and a need to tower over their competition on the hectic, crowded trading floor. Though the Chicago Mercantile Exchange (CME) couldn't confirm injuries, Reuters reported Thursday that some traders had suffered twisted ankles and foot injuries.

"It's the exchange's responsibility to maintain a safe trading environment," CME spokesman Bill Burks said. Though he acknowledged some traders might wear high shoes to try to stand above their fellow traders, he said CME wasn't trying to - literally - level the playing field with its new regulation. "Safety is our paramount concern," he said.

Burks said the exchange's security staff will be on the lookout for precarious shoes and have rulers at the ready to settle disputes. First-time violators of the rule will be required to change shoes. Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.