Treasuries Hit by One-Hour Outage on Biggest Electronic Platform
- BrokerTec is the biggest interdealer broker of Treasuries
- Trading platform was acquired by CME Group in November
This article is for subscribers only.
BrokerTec, the biggest electronic trading platform for Treasury securities, shut down for more than an hour on Friday because of a technical malfunction, an outage that several traders said caused a market-wide slowdown in one of the world’s biggest assets.
In an email message to traders at around 2:11 p.m. New York time, BrokerTec said it was “experiencing technical difficulties and trading has been temporarily suspended.” Laurie Bischel, a spokeswoman for BrokerTec owner CME Group Inc., said it reopened around 3:35 p.m.