19 October 2017
visit www.avoka.com

Eagle crashes on CME maiden flight

27 January 2003  |  4745 views  |  0 computers

The Chicago Mercantile Exchange was forced to pull the plug on electronic trading of eurodollar futures for six hours on Monday morning after hitting problems in the roll out of its much-delayed Eagle trading program.

The Chicago exchange halted trading in eurodollar contracts over Globex at 7.15 am (CST), 27 January. The stoppage, which did not affect pit-based trading, came the morning after the CME initiated trading over Project Eagle, a system designed to make it easier to trade complex contracts onscreen.

Initially scheduled for introduction in the summer, Eagle has suffered successive setbacks due to technical problems caused by capacity constraints on the Globex system.

Trading over the system resumed at 1.30 pm (CST). The CME has yet to give a reason for the technical shut-down, but users reported an invesitgation by the Globex Control Centre into order entry failures afflicting the Eagle system.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Eurex to launch US derivatives exchange as Cbot turns to Liffe Connect

Eurex to launch US derivatives exchange as Cbot turns to Liffe Connect

10 January 2003  |  5885 views  |  0 comments
CME recoups $7.5 from Euronext to settle Wagner patent dispute

CME recoups $7.5 from Euronext to settle Wagner patent dispute

06 January 2003  |  4082 views  |  0 comments
ESpeed and Cbot to create combined cash and futures market

ESpeed and Cbot to create combined cash and futures market

17 December 2002  |  3895 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15518 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8710 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8349 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7794 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6962 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job