It’s been a painful start to the new week for traders, who were hoping to get a head start in early futures trading only to find that the E-mini orders submitted into the Globex are either not showing up, or being outright rejected.
— PIG BBQ (@DavidPfdle) December 16, 2018
While most traders are seeing their orders canceled, some have managed to see execution.
The culprit behind the (selective) failure in early futures trading appears to be connectivity issues at the Globex, which trades the S&P Emini future (h/t @Guido_Espinosa_) .
And while it is unclear why, the start of trading saw a big sell order that sent the Emini sharply lower at the start, only to levitate consistently for the subsequent hour since the 6pm ET open.
We will update if/as the CME provides more information on tonight’s connectivity outage.
via RSS https://ift.tt/2UNYJxw Tyler Durden