Globex Crude, Products Futures Markets Halted on Technical Issue, CME Says

CME Group Inc. (CME) halted Globex crude and products markets “due to technical issues,” according to a notice posted on the company’s website.

All-day and session orders on CME’s crude complex futures and options markets, including GTDs, or Good-Til-Date, with today’s date, will be canceled, the Chicago-based company said in a later notice. All GTCs, or Good-Til-Canceled, that have been acknowledged will remain working, CME said.

Settlement prices for New York Mercantile Exchange crude oil and petroleum products futures and options will be based on floor trading information today, CME said in a later statement.

Globex crude and products trading was to resume at 3:15 p.m. New York time, the Nymex parent said in the bulletin on its website. Trading was taking place at 3:21 p.m.

CME market participants clear an average volume of 1.5 million energy contracts daily on CME Globex, through CME ClearPort or on the trading floor, according to CME’s website.

To contact the reporter on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net; Paul Burkhardt in New York at pburkhardt@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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