Ice down

isn't it like if CME globex goes down...my broker said I could call in an order if CME globex goes down to exit my position...is this accurate?
 
Quote from increasenow:

isn't it like if CME globex goes down...my broker said I could call in an order if CME globex goes down to exit my position...is this accurate?
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Not in this case. ICE is an all electronic so the only pit trading is in options. However, since there is no longer any pit trading in the underlying futures contracts the option pits are also closed as long as the electronic platform is down.
 
Quote from increasenow:

isn't it like if CME globex goes down...my broker said I could call in an order if CME globex goes down to exit my position...is this accurate?
More...

CME globex you can, but i don't know if there are any products are exclusive to globex. ICE has products that only trade on ICE, and aren't fungible with other stuff. Nice move to kill the NYBOT floor!
 
Quote from brocklanders:

You are kinda screwed in the short term. If you have access to trade international futures markets like LIFFE you can hedge some commodities in a pinch, but what a pain. The postmortem on this outage should be interesting.
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Works fine for futures, but if you are doing OTC, you're pretty much SOL. $6 spreads with a contract that has a qty of 800 is not unusual.
 
Quote from thegazelle:

Webice not functioning , no ETA. Not sure if other platforms are down as well.
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ICE, ICE baby

check out the hook while my DJ revolves it*

with credit given to the worlds first wigger
 
should be almost a 80% drop in ICE overall volume tomorrow, friday..you agree?...who would come back and trade there after being hit so hard today?...please explain...
 
can somebody post a link to the details of what exactly happened.....I'm curious as to the details about what caused their infrastructure to fail
 
Seems like a third party that hit the "emergency power kill switch"

and ice claimed it was quicker to restart the main datacenter than to go to the back up center
 
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