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Futures Trading Suspended Indefinitely
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Futures Trading Suspended Indefinitely
by Ponee Sun Aug 24, 2014 11:29 pm
08/24/2014
Futures trading on Chicago's CME/Globex exchange was suspended indefinitely Sunday following a technical glitch.
Any day orders will be canceled, as will any orders that have already been filled, Jerry Kukowski, a CME/Globex analyst with knowledge of the situation, told Business Insider
~~~
"Nothing traded tonight is going to stand," he said. "There was a little window, there were some fills — anything filled today will be basically busted."
He said the problem may be related to one of the exchange's trading engines but that the exchange was still working to identify the extent of the damage.
Once it has done so, CME management could either allow all trading to resume, or open up trading for markets not affected by the issue.
Developing...
Updated Post Brought From Currency Chatter:
Lotus: This email was sent to all AMP Global Clearing customers this evening. The timing is promising.
Due to technical issues, CME has halted trading on all Globex Markets with the exception of Bursa Malaysia Derivatives (BMD).
CME Global Command center representative, told us that any GTD orders placed during today's trading session pre-open will be canceled and will need to be replaced once the CME trading is re-opened. Once the market re-opens, please log in your trading platform and confirm your orders and positions.
As soon as we receive the official trading restart time from the CME, we will send out another notice to our customers.
AMP Trade Desk Unsubscribe from email communications
AMP Global Clearing, LLC
221 N. LaSalle Street 25th Floor
Chicago, 60601 United States
Read more: http://www.businessinsider.com/futures-trading-in-chicago-suspended-2014-8#ixzz3BMHUgjON
He said the problem may be related to one of the exchange's trading engines but that the exchange was still working to identify the extent of the damage.
Once it has done so, CME management could either allow all trading to resume, or open up trading for markets not affected by the issue.
Developing...
Updated Post Brought From Currency Chatter:
Lotus: This email was sent to all AMP Global Clearing customers this evening. The timing is promising.
Due to technical issues, CME has halted trading on all Globex Markets with the exception of Bursa Malaysia Derivatives (BMD).
CME Global Command center representative, told us that any GTD orders placed during today's trading session pre-open will be canceled and will need to be replaced once the CME trading is re-opened. Once the market re-opens, please log in your trading platform and confirm your orders and positions.
As soon as we receive the official trading restart time from the CME, we will send out another notice to our customers.
AMP Trade Desk Unsubscribe from email communications
AMP Global Clearing, LLC
221 N. LaSalle Street 25th Floor
Chicago, 60601 United States
Read more: http://www.businessinsider.com/futures-trading-in-chicago-suspended-2014-8#ixzz3BMHUgjON
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Ponee- Admin
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Re: Futures Trading Suspended Indefinitely
by Ponee Sun Aug 24, 2014 11:30 pm
POSTED BY TRUTHSEEKER 2
I'll keep this simple.
"technical glitch" translates to value adjustment(new system)
Indefinitely means till this RV's....
I knew they were going to have to cancel all orders just before the RV...Too much money at stake to lose. This is just another heads up
that the RV is at the door.
If prices of Future contracts gapped too much...it would be a blood bath.
This is why Forex traders close out their trades before any
Big Economic News is released (at least the smart ones)
Reply
I'll keep this simple.
"technical glitch" translates to value adjustment(new system)
Indefinitely means till this RV's....
I knew they were going to have to cancel all orders just before the RV...Too much money at stake to lose. This is just another heads up
that the RV is at the door.
If prices of Future contracts gapped too much...it would be a blood bath.
This is why Forex traders close out their trades before any
Big Economic News is released (at least the smart ones)
Reply
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Futures Trading Suspended Indefinitely
by Kevind53 Mon Aug 25, 2014 12:33 am
No technical glitch means technical glitch. Some part of the system, software or hardware went down. The IT people will be working to find and fix it asap. Maybe truthseeker should think about a new name, like liespreader ... since that seems to be what he/she does best.
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