The Asian trading session started with a delay today, as the CME Group’s Globex platform experienced an outage which lasted about four hours. The only details provided by the company’s website relay that the event occurred due to “technical problems.”
Due to additional comments from central bankers over the weekend, who concluded their annual economic symposium in Jackson Hole, Wyoming, the FX market has been very active in the first hours of trading this morning.
As the US dollar marked a new eleven month high against the euro and a new four month high against the Japanese yen, traders in Asia were only able to access the platform after 03:00 GMT (22:00 EST).
The technical glitch affected all but one contract on the Globex Markets platform. Derivatives on the Malaysian stock exchange, Bursa Malaysia were unaffected.
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The company informed its clients through its Twitter account that all day and session orders, including GTDs (Good-till-date orders) with today’s trade date will be cancelled.
Additionally, all GTCs (Good-till-cancelled orders) that have been acknowledged will remain working.
Among contracts traded on the Globex Markets platform are FX futures, interest rate derivatives, equity indices, agricultural, energy and metals futures.
This is the second time this year the CME has experienced a technical difficulty with its electronic markets platform. In April last month the firm halted electronic trading for most of the agricultural contracts it offers.