-
CME trading outage showed that man can still match the machine
Just over a week ago, CME Group Inc suffered the worst-ever trading outage on the world's most important agricultural markets, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted trading "pits". It seemed like an impossible task: replace the seamless efficiency of an electronic trading screen with hand signals and guttural shouts to execute clients' orders to trade corn, wheat or cattle during the "close", often the busiest time of the day. But a Reuters analysis of CME trading data on the day of the outage, April 8, showed they largely ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Apr 16, 2014 8:02am Apr 16, 2014 8:02am
- Taffy
- | Joined Apr 2014 | Status: Member | 353 Comments
- Comment #2
- Quote
- Apr 16, 2014 8:06am Apr 16, 2014 8:06am
- mapleleafnj
- | Joined Mar 2014 | Status: Member | 1 Comment
- Comment #3
- Quote
- Apr 16, 2014 8:23am Apr 16, 2014 8:23am
- Pip Anon
- Joined Jan 2013 | Status: Trading defies logic | 1796 Comments
When the facts change I change my mind, what do you do sir