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Gold Trading Was Temporarily Halted On The CME This Morning

From businessinsider.com

Gold trading was temporarily halted on the CME for 10 seconds this morning at 8:42 AM ET for a "stop logic event," according to Bloomberg. A big trade knocked $25 off the price of gold in a short, two-minute span, triggering the event. Stop Logic detects potential market movements caused by the triggering and trading of Stop orders where the resulting price move would extend beyond an exchange specified threshold. The triggering of Stop orders can potentially exaggerate price movements in temporarily illiquid markets. When triggered Stop orders attempt to move the market to an executing price beyond a ... (full story)

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