I sent an email to ag department explaining there shouldn't be day pauses during US and european markets and they told me they were surprised of my email because Europeans are some of the most vocal for reducing hours... Please send an email directly to ag department on top of the survey: agriculture@cmegroup.com
The cynic in me believes the agriculture department is lying. What would be the rationale for Europeans wanting a trading break..to have some English tea? Nonetheless, thanks for the suggestion. I will send them an email now.
Now now, don't be so harsh! They're probably not lying... ... it's perfectly possible they're just incompetent. (I fully agree this is a hard story to swallow!)
Yep! Just saw it. Disappointed and not surprised as this had clearly been telegraphed. All our survey responses and emails apparently were ignored. If only ICE grains could have decent volume!
Wouldn't this break as per the new schedule: "Monday to Friday, break in electronic trading from 7:45 a.m. to 8:30 a.m. CT " Coincide with data release? Does that mean, we are back to the spiky, volatile, gaps and jumps after data releases?
As of last fall, USDA reports were moved to noon EST. I haven't seen anything to suggest they may reconsider that.... Anyone else?
I am most concerned about the horrible volatility and spikes/gaps that existed after data reports. If data reports will still be released during trading and not during a halt, then that is one positive. I still prefer the old schedule and most prefer the ICE schedule.
a little more on who wanted what: http://www.agrimoney.com/news/broker-grumbles-lead-cme-to-cut-trading-hours--5588.html 45 more minutes of work involves quality of life concerns in Europe...