09/20 8:37A (RT) Network problem halts CME electronic early Friday
Story 2055 (I/US, I/FRX, I/DRV, I/DBT, I/GVD, I/GRA, I/LIV, I/STX, I/OILS...)
CHICAGO, Sept 20 (Reuters) - Electronic trade on the
Chicago Mercantile Exchange, the world's No. 2 futures
exchange, was halted for nearly two hours early Friday due to a
"network issue," the exchange said.
Trading on the exchange's electronic platform, Globex, was
halted at 5:15 a.m. CDT (1015 GMT) and resumed at 7 a.m. CDT
(1200 GMT), an exchange spokesman said. He had no other
details.
The outage included the actively traded Standard & Poor's
500 futures and the Nasdaq 100 futures.
Problems handling record volume on the electronic platform
prompted the CME to delay a planned expansion of electronic
trading capabilities that had been set for mid-July.
The expansion has been planned to enhance screen-based
trading of complex combinations of futures on Eurodollars, the
world's most actively traded futures contract.
The CME said in mid July that some users had trouble
connecting to Globex during recent periods of high volume. In
addition, the system in at least one instance sent a user an
erroneous message stating that an order was canceled, when in
fact the order was actually filled.
((Chicago Derivatives Desk(312)408-8750
chicago.derivatives.newsroom@reuters.com))
REUTERS
Rtr 08:37 09-20-02
Additional Codes ( I/MEAL)
Story 2055 (I/US, I/FRX, I/DRV, I/DBT, I/GVD, I/GRA, I/LIV, I/STX, I/OILS...)
CHICAGO, Sept 20 (Reuters) - Electronic trade on the
Chicago Mercantile Exchange, the world's No. 2 futures
exchange, was halted for nearly two hours early Friday due to a
"network issue," the exchange said.
Trading on the exchange's electronic platform, Globex, was
halted at 5:15 a.m. CDT (1015 GMT) and resumed at 7 a.m. CDT
(1200 GMT), an exchange spokesman said. He had no other
details.
The outage included the actively traded Standard & Poor's
500 futures and the Nasdaq 100 futures.
Problems handling record volume on the electronic platform
prompted the CME to delay a planned expansion of electronic
trading capabilities that had been set for mid-July.
The expansion has been planned to enhance screen-based
trading of complex combinations of futures on Eurodollars, the
world's most actively traded futures contract.
The CME said in mid July that some users had trouble
connecting to Globex during recent periods of high volume. In
addition, the system in at least one instance sent a user an
erroneous message stating that an order was canceled, when in
fact the order was actually filled.
((Chicago Derivatives Desk(312)408-8750
chicago.derivatives.newsroom@reuters.com))
REUTERS
Rtr 08:37 09-20-02
Additional Codes ( I/MEAL)
