On February 26, a serious technical failure occurred on the CME Group sites. This was the reason why the trade had to be suspended for 3 hours. We recall that the CME Group conducts the bidding in futures on stocks, government bonds, currency and commodities.
CME is the largest operator in the world.
The company has reported that problems and failures were observed in all areas of Globex and on other CME sites. So, failures arose on the New York NYMEX and SOMEX, as well as on the Chicago Board of Trade (CBOT).
According to Bloomberg, the problems have bypassed the boundaries of the States. The Malaysia Derivatives Exchange also stopped trading. It uses CME for Crude Palm Oil Futures.
CME resumed normal operations on Tuesday, at 6:45 Moscow time. The contracts affected by the failure showed little change.
The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade