Further changes to trading environment in the pipeline
Chicago Mercantile Exchange (CME)'s much anticipated Eagle
matching engine had a tough time getting off the ground after
its launch on 26 January.
Eagle, which is considered the next generation upgrade for
Globex, features calendar spread trading capabilities for CME's
Eurodollar futures contract. But the matching engine
experienced "order processing" problems on Monday, which led
CME to shut down the system from 07.15 to 13.30. CME technology
staff then installed a temporary fix while developing a
long-term solution to the problem.
But on Tuesday, a similar order processing problem shut down
Eurodollar trading on Globex from 06.00 to 21.00. That problem
was also repaired and trading went uninterrupted through
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