What was the cause for the Globex outage? 1. A burned down hacker sent a trojan horse virus into Globex server 2. Globex pentium 70 mhz server finally bursted.. 3. Globex owner who had a long position, played a short covery rally game 4. Have no idea, just pissed off....
For national security reasons. Today Bushy landed and he halted the exchange because he was not able to trade today on board the carrier. Michael B.
Sell First - Ask Questions Later ! CME stock overvalued as hell. Needs to be cut in half ... http://finance.yahoo.com/q?s=CME&d=c&k=c1&a=v&p=s&t=6m&l=on&z=m&q=c
Here is the yesterday's Globex outage explanation from IB During the failure more than 25% of the firms that access GLOBEX were without service. The affected users lost the ability to add, modify or delete orders at 11:18. Certain users lost market data services while others could trade as usual, hence the market was still active. The Exchange technical and trading operations staff used the following 16 minutes to characterize the problem and concluded that the market would be best served by halting trading. IB promptly passed that information to our users at 11:34. Trading was halted for all of Globex at 11:40 What if the operations staffs bought a chunk of long position & halt the Globex...... That's another strategy