Traders are bracing for chaos once trading of futures and options trading on the CME goes back to normal.
Some executed trades were not reflected in the clearing system, leaving traders unable to confirm transactions to clients, said a trader at a Malaysian brokerage. He expects to have to clear a heavy backlog of work once everything is back online.
“This is first time I experience a trading halt that is almost or going to be whole day long,” with no estimated recovery time, he added. Once trading resumes, there will be “a hell of a lot of work” to tackle, he expected.
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