Natural gas futures trading halted on CME’s Nymex

By Dow Jones Newswires
Posted Feb. 1 at 6:35 a.m.

Electronic trading in natural-gas futures and options on the New York Mercantile Exchange was halted for about a half hour Monday due to technical issues, CME Group Inc.

Electronic trading on the benchmark U.S. natural-gas contract was halted at 1:11 p.m. EST, said CME, which operates the Nymex. Trading on the exchange’s Globex electronic platform resumed at 1:45 p.m. EST following a 15-minute pre-open session, CME said.

A CME spokesman said a “technical glitch” forced the cancellation of all working orders that were in prior to the break in trading.

No trades were voided, the spokesman said.

Traders said they had to re-enter outstanding orders, and the interruption amounted to a minor inconvenience.

“I had a ton of orders in, I just had to re-enter them,” said Ed Kennedy, a broker with INTL Hencorp Futures. “Glitches happen.”

A CME spokesman says floor trading was unaffected.

Read more about the topics in this post: ,

Companies in this article

CME Group

Read more about this company »

Comments are closed.