Technical issues cause 4-hour delay in CME electronic futures trading

The Chicago Mercantile Exchange started electronic futures trading after a technical issue halted markets for as long as four hours, affecting contracts from U.S. stock indexes to Treasuries, oil and gold.

Bloomberg News reports that CME Group, the world’s largest futures market, had suspended all of its Globex electronic-trading markets except for Malaysian equity-index derivatives, according to its website.

Trading, which was scheduled to start at 5 p.m. Chicago time for some products, began at 9 p.m. All day and session orders, including so-called good-til-date orders with today’s trade date, will be canceled, the bourse said.

'Clients hate it', said Evan Lucas, a Melbourne-based strategist at IG Ltd., a provider of equity-index, commodities and currencies trading, about the outage. 'They couldn’t increase or more importantly shut positions, but there is nothing you can do'.

Hit the link below to access the complete Bloomberg article:

CME Opens Electronic Futures Trading After 4-Hour Delay

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