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»Forums Index »Archive (2017 and earlier) »Data and Content Support »E-CBOT Halted
Author Topic: E-CBOT Halted (6 messages, Page 1 of 1)

DTN_Jay_Froscheiser
-VP, Product Operations-
Posts: 1746
Joined: May 3, 2004

DTN IQFeed/DTN.IQ/DTN NxCore


Posted: Mar 7, 2005 09:40 AM          Msg. 1 of 6
Due to technical difficulties at the exchange, trading was halted at 9.20 a.m. CST for the all E-CBOT products until further notice.

Jay Froscheiser
DTN Market Access, LLC.

ntron
-Interested User-
Posts: 4
Joined: Nov 30, 2004


Posted: Mar 7, 2005 09:46 AM          Msg. 2 of 6
Thanks DTN!!!! Now I have a valid excuse to why I am losing money.

ntron
-Interested User-
Posts: 4
Joined: Nov 30, 2004


Posted: Mar 7, 2005 10:43 AM          Msg. 3 of 6
It really was CBOT's fault, thought it was a problem with DTN at first.

DTN_Jay_Froscheiser
-VP, Product Operations-
Posts: 1746
Joined: May 3, 2004

DTN IQFeed/DTN.IQ/DTN NxCore


Posted: Mar 7, 2005 10:57 AM          Msg. 4 of 6
All e-CBOT trading is expected to resume at 11:10am CST today.

Jay Froscheiser
DTN Market Access, LLC.

nsolot2
-Interested User-
Posts: 4
Joined: Feb 22, 2005


Posted: Mar 7, 2005 12:25 PM          Msg. 5 of 6
I did... but not for long.

No question about it. Jay & Co are off the hook on this one. Sure hope they get this fixed up before the Bears win their next Superbowl.

nsolot2
-Interested User-
Posts: 4
Joined: Feb 22, 2005


Posted: Mar 7, 2005 01:17 PM          Msg. 6 of 6
The Associated Press - Monday, March 07, 2005
CHICAGO

The Chicago Board of Trade had an on-again, off-again Monday.

The exchange's electronic trading system shut down at 9:20 a.m. Monday for nearly two hours because of sporadic outages. Then, after being online for 20 minutes, it shut down again at 11:30 a.m., said CBOT spokeswoman Melissa Jarmel.

Board of Trade officials said only electronic financial contracts were affected.

"It was determined that a temporary trading halt was deemed appropriate in order to maintain consistent and fair access for all market participants," a CBOT statement said.

Open outcry trading - where traders shout out their buy or sell offers on the floor - continued as usual, Jarmel said.

The Chicago-based exchange trades futures and options on agricultural and financial products. About 65 percent of CBOT's total trading volume is done electronically, but most of those contracts are also traded on the floor and weren't affected by the system's electronic problems, Jarmel said.

Officials do not know what caused the outages.

The electronic glitches caused Canada's Winnipeg Commodity Exchange to stop trading, said Winnipeg spokesman Mike Gagne. Winnipeg, an agricultural futures and options exchange, switched to electronic trading in 2004 and trades about two million contracts a year.

The CBOT also hosts trade for some contracts on the Kansas City Board of Trade and the Minneapolis Grain Exchange. Only one KCBOT contract was affected by the shutdown. Messages left with the Minneapolis exchange were not immediately returned.
 

 

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