I was wondering why they dont offer live video to the futures pits. It would be much useful then just noise from the pits.
Probably the same reason why hedge funds don't put out videos of what goes on behind their doors. How would it help THEM?
there are media cameras recording them all the time. Also all the pit noise is recorded, so why not allow a public video stream. Also, you can watch them do their trades, if you were to visit cme.
I think it's probably an issue of scale. They give cnbc and "tourists" just enough access to keep the public interested in the game, so that they continue to provide the fuel for their profits.
For the same reason that meat packers don't want you to get too close a look at how sausages are made?
It dilutes the value of exchange membership. It would be the same as having "bootleg" cameras in a theater for free viewing.