Did The CBOT Get "Overloaded" As Jobs Data Halted Treasury Futures?

Tyler Durden's picture

Treasury Futures markets on the CBOT were halted this morning for about 10 seconds following the release of the April payrolls data. While somewhat stunning all by itself, given that the move was not massive, Nanex notes that what is unsual about this event is that quotes also stopped updating - indicating a possible system issue at the exchange.

Of course, in these "unrigged" markets, what more would we expect?


Via Nanex,

On May 2, 2014 at 8:30:05, right after release of the Non-farm Payroll number, quotes and trades in Treasury futures from CBOT halted for about 10 seconds. Sequence numbers before and after the event indicate no data was dropped. What is unsual about this event is that quotes also stopped updating - indicating a possible system issue at the exchange.

1. June 2014 5 Year T-Note Futures (ZF) Trades and quote spread. 
You can clearly see the gap.

2. June 2014 5 Year T-Note Futures (ZF) Quote spread and Quotes per second.
It is unusual to see a gap in quotes - this indicates a different issue - not a normal trading halt.

3. June 2014 DJIA eMini (YM) futures trades and quote spread.
Also traded at "CBOT" - but doesn't have the gap.

4. June 2014 most active treasuries: Ultra T-Bonds (UB), T-Bonds (ZB), 10 Yr T-Notes (ZN), 5 Yr T-Notes (ZF), and 2 Yr T-Notes (ZT). Note the gap at 8:30:05.

5. Zoom of chart 4 above.

6. Most active Futures contracts.

7. Zoom of chart 6 above.

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LawsofPhysics's picture

And the 3:30 ramp was just about to start...



I guess we are "ramping" the treasuries today...



fonestar's picture
















































Bitcoin: A whole new world
A new fantastic point of view
No one to tell us no or where to go
Or say we're only dreaming

Au_Ag_CuPbCu's picture

Holy Crap foney, did you get the day off?  Please go back to work.

fonestar's picture

My boss is a Japanese cryptographer!

debtor of last resort's picture

Kill him and go back to work.

MillionDollarBoner_'s picture

Crack this code Foney:

Hp Gvdl Zpvstfmg!


fonestar's picture

fonestar will take that caeser and shove it so far up your ass you will beg Satoshi for mercy!

MillionDollarBoner_'s picture

Dude...that ain't no Caeser...its a gorgeous art nouveau representation of the Madeleine.

Not that you appreciate women, no matter their beauty, methinks...;O) 

JuliaS's picture

Foney's proudly showing off his entire bitcoin collection.

fonestar's picture

fonestar's entire Bitcoin collection is worth even more than his 21 year old jeep with a smashed window.

SAT 800's picture

Reporting; sold X3 ZB today @136.-07; new shorts. closed out the four ES@1875.25 @1874.25 for +200; decided I don't like the trade.

PlusTic's picture

10yr froze as well...i thought it was my machine, but obviosuly it was market-wide...

nuclearsquid's picture

Do these charts mean the CBOT is becoming self aware and coming out of the closet?

TeamDepends's picture

Yay though I walk through the valley of the shadow of death I shall fear no evil, for thou art with me.

Xibalba's picture

thy printer comforts me

fonestar's picture

Satoshi is my staff, he c0nfronts me.

SAT 800's picture

So how does that feel to be cOnfronted: I always wondered. Or is that part of your dream world you live in?

fonestar's picture

.....a whole new world.  Cryptographic feelings....

Xibalba's picture

time to halt GC furures on the way up

fonzannoon's picture

i wonder when the absolute fuck the market is going to realize the federal reserve just slammed the door shut behind them and peeled out giving everyone the finger as they zoomed away.

Goldilocks's picture

Atomic Gap Band 4
http://www.youtube.com/watch?v=rKte7TguBqo (4:10)

The Gap Band - You Dropped A Bomb On Me
http://www.youtube.com/watch?v=17lkdqoLt44 (4:05)

maskone909's picture

still waiting for that break below 79.  should be quite the waterfall event

HedgeAccordingly's picture

Nikka please. you know this was a QUOTE oveload.. these peeps @ the CME admitted algo's f'ed up their systems earlier this week. http://hedge.ly/1m2zMWU

mogul rider's picture

Tell us PINN

Can you prove you are self aware?