Magazine article Modern Trader

CME Trading System Defies Glitches

Magazine article Modern Trader

CME Trading System Defies Glitches

Article excerpt

The Chicago Mercantile Exchange's (CME) computer-based trading platform [Globex.sub.2] saw its volume in February rise 119% from the previous year despite two breakdowns that disrupted trading.

On Feb. 9, a hardware failure on the [Globex.sub.2] matching engine caused trading to stop for 25 minutes. Scott Johnston, managing director and chief information officer at the CME, says the exchange experienced a failure in one of its Tandem computers. He describes it as a serious hardware issue and notes getting the system back on line in 25 minutes was "pretty good."

Then on Feb. 20 at 12:30 p.m., the CME's AT&T ATM backbone, which provides links between the [Globex.sub.2] system and customers, experienced a series of failures. Still, not all customers using the AT&T backbone lost their connection. Johnston says the amount of customers affected did not approach the 25% level that would cause the CME to stop trading it on [Globex. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.