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CME Delays Futures Opens Due To "Glitch"; Update: To Reopen At 9:00 PM Central

Tyler Durden's picture




 

Update:

  • *CME GLOBEX RESUMES FUTURES TRADING AFTER TECHNICAL ISSUE

 

Looks like the machines want to run post-Yellen stops... to new record highs...

 

Perhaps someone needs to tell Treasury Futures it's time to sell off and keep the dream alive...

 

Update:

  • CME GLOBEX MARKETS TO OPEN 9 P.M. IN CHICAGO
  • CME GLOBEX TO PRE-OPEN 8:30 PM CT, OPEN AT 9 PM CT: CME GROUP
  • CME: ALL DAY, SESSION ORDERS WITH AUG. 24 TRADE DATE CANCELLED

It appears - judging from FX markets this evening - that consensus on Jackson Hole is Yellen was more hawkish and Draghi & Kuroda more dovish than expected. The USD index is pushing on towards one-year highs as EUR is down 50 pips (not helped by a dovish FT article on deflation fears) to 11-month lows, and USDJPY broke to as high as 104.45 (weakest JPY in 7 months). In addition to this action, the CME confirms all Futures products will have a delayed opening due to technical issues with NO estimated opening time.

CME's only statement... on GCC site...

  • *ALL CME GLOBEX MARKETS EXCEPT BURSA MALAYSIA HALTED, CME SAYS

 

Phone call to Chris Grams, press officer at CME, was not immediately returned

 

USDJPY at 7-month highs

 

EUR tumbling to 11-month lows...

 

Of course, there is no need for futures trading anymore since The Fed will merely extend its "communications" policy to announce the end of day print for the S&P 500 each morning going forward...

 

But for those wondering, EURJPY implies an S&P open around 7 points down... though we suspect USDJPY will be in charge and stocks are lifted.

 

Charts: Bloomberg

 

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Sun, 08/24/2014 - 18:38 | 5138286 max2205
max2205's picture

Bullish!

Sun, 08/24/2014 - 18:42 | 5138295 X.inf.capt
X.inf.capt's picture

sure seems money is moving out of europe in a hurry...somethings coming..

and in the last 6 months the ukraine exchange rate to dollars has gone from 8 to 1 usd, to 13 to 1usd...

something bad cometh this way! 

Sun, 08/24/2014 - 19:00 | 5138349 remain calm
remain calm's picture

Ya but gold is down 0.5% so evertyhing is right in the world, Right?

Sun, 08/24/2014 - 19:02 | 5138351 X.inf.capt
X.inf.capt's picture

RIGHT!

Sun, 08/24/2014 - 21:32 | 5138803 max2205
max2205's picture

9:30 and no ticks.....

Sun, 08/24/2014 - 21:34 | 5138806 knukles
knukles's picture

Awaiting ElPresidente's next speech, silly.

Sun, 08/24/2014 - 22:14 | 5138949 flacon
flacon's picture

S&P is making new all time highs, seven minutes after opening. Moth-er-fuck-er! When will this shit end?!

Sun, 08/24/2014 - 22:34 | 5138997 johngaltfla
johngaltfla's picture
08.24 22:22 ET – Shocking News! CME Re-Opens, Gold Rigged Down, Equities Rigged Up!

 

I know, I know, it's hard to believe. Snort, smoke, or drink something then watch the charts. Sigh.

Sun, 08/24/2014 - 22:36 | 5139004 johngaltfla
johngaltfla's picture

Sorry for the triple post...only clicked once. Me thinkest the web is under attack tonight. ISISitist must be spreading or is it  a Windows based Ebolavirus?

Sun, 08/24/2014 - 22:38 | 5139010 El Oregonian
El Oregonian's picture

CME = Complete Market Erasure

Sun, 08/24/2014 - 22:35 | 5138998 johngaltfla
johngaltfla's picture
08.24 22:22 ET – Shocking News! CME Re-Opens, Gold Rigged Down, Equities Rigged Up!

 

I know, I know, it's hard to believe. Snort, smoke, or drink something then watch the charts. Sigh.

Sun, 08/24/2014 - 22:34 | 5139001 johngaltfla
johngaltfla's picture
08.24 22:22 ET – Shocking News! CME Re-Opens, Gold Rigged Down, Equities Rigged Up!

 

I know, I know, it's hard to believe. Snort, smoke, or drink something then watch the charts. Sigh.

Sun, 08/24/2014 - 20:17 | 5138573 Tall Tom
Tall Tom's picture

Is this intentional in order to restrict Gold and Silver bids in order to drive prices down and trigger the stop loss?

Sun, 08/24/2014 - 18:45 | 5138297 Xploregon
Xploregon's picture

Excellent! The ole truck is waming-up in the drive way. The tranny (no tranny jokes please) is broken but fortuitously, it still backs up when needed!

Sun, 08/24/2014 - 19:43 | 5138477 August
August's picture

Yep - Briefcase is full of folding money, ready for a trip to the local purveyor of that shiny stuff.

Sun, 08/24/2014 - 18:45 | 5138302 FieldingMellish
FieldingMellish's picture

Broken markets are always very bullish as is systemic failure. Forward comrades!

Sun, 08/24/2014 - 18:53 | 5138325 booboo
booboo's picture

"Bob, I need some time to move my positions out of harms way
Your friend forevah
Abe Steinenstien

Sun, 08/24/2014 - 18:53 | 5138326 Wait What
Wait What's picture

Wait What wasn't joking when he said Spooz had all weekend to melt up to a 29th record this year on no volume. he just didn't realize it would literally be no volume.

Sun, 08/24/2014 - 18:54 | 5138330 jubber
jubber's picture

with everything America toouches turning to shit you would have thought the $ would actually gap down on zero confidence

Sun, 08/24/2014 - 18:59 | 5138346 Bossman1967
Bossman1967's picture

Do you think the banksters would let that happen before monday morning false flag at 8:01 am. The earthquake wasn't big enough but there are tremors

Sun, 08/24/2014 - 18:54 | 5138333 kurtosis
kurtosis's picture

The euro collapse in FX asia open has prompted a few sell orders in equity futures.

The problem is that the institutional algos are not switched on at this time.

However, technical trend following systems are on and the low volume of the last few days has made liquidity evaporate.

The few sell orders have created an imbalance which would trigger the stops so CME has decided to delay the opening on what it considers an artificial imbalance.

 

Best

Mon, 08/25/2014 - 00:12 | 5138929 Lore
Lore's picture

Why don't they do this every Sunday night?

Money piling out of Europe is NOT going to stay in USDs, hence all the 'De-Dollarization' agreements and 'Swap Facilities' set up recently. Short term action probably centers around the Tuesday Putin-Poroshenko meeting, when Putin will probably make the Nazi an offer he shouldn't refuse, precipitating a temporary run in the USD and bringing the EU a step closer to fragmentation (as it should). We were warned to expect "strength" in the USD right before they kill it. 

Mon, 08/25/2014 - 00:17 | 5139283 firewire888
firewire888's picture

artificial imbalance is the fed, why stop all markets indefinite until they are out.... so rigged!

Sun, 08/24/2014 - 18:57 | 5138340 Bossman1967
Bossman1967's picture

Uh oh here it goes dollar way up silver unchanged gold little down and futures not opening. Hmmm all the crap going on in the world make you wonder but I am prepared bring it on and lets get it over with yahooooo

Sun, 08/24/2014 - 18:58 | 5138341 Atomizer
Atomizer's picture

This should only be scheduled on Turbo Tuesday. Someone hacked into the matrix. 

Sun, 08/24/2014 - 19:04 | 5138354 kurtosis
kurtosis's picture

One more, and I hope, interesting point: I've been following this guy for a while and he has been pretty good; it would fit perfectly:

http://www.safehaven.com/article/34902/raj-time-and-cycle-review-and-for...

also, another excellent article for the financially litterate:

http://www.marketoracle.co.uk/Article46926.html

 

Best

Sun, 08/24/2014 - 19:03 | 5138355 buzzsaw99
buzzsaw99's picture

there is no market

Sun, 08/24/2014 - 19:46 | 5138485 KingFiat
KingFiat's picture

Gold trading is not easily shut down. The international gold markets seem to work just fine without COMEX.

 

Mon, 08/25/2014 - 09:46 | 5140181 conscious being
conscious being's picture

Everything is mispriced from here on out, until the dollar dies.

- Rocky Racoon, a while ago.

Sun, 08/24/2014 - 19:05 | 5138358 q99x2
q99x2's picture

Thought from the headline it was the overdue coronal mass ejection kill shot. WoooooHooooo Another day to breath.

Sun, 08/24/2014 - 21:44 | 5138834 Rusty Shorts
Rusty Shorts's picture
LOL Spectacular Spitfire Erupts From Sunspot ...today

https://www.youtube.com/watch?v=IusYLweKH1g

Sun, 08/24/2014 - 19:07 | 5138370 firewire888
firewire888's picture

Wow, if this doesn't sound fishy, then I don't know what does.  Unhook the fed's algo's from the cme.

Sun, 08/24/2014 - 19:14 | 5138389 Atomizer
Atomizer's picture

You can aways invest in Shekels and watch your wealth melt away. 

http://www.xe.com/currencyconverter/convert/?From=ILS&To=USD

 

0.282674 USD

Sun, 08/24/2014 - 19:15 | 5138396 ebworthen
ebworthen's picture

So I wonder if the entire markets won't just be suspended if ever there is a 10% or more down day.

Only buying allowed, and at a higher price then when things were closed.

Perpetual shut downs to keep the turd floating.

No flushes allowed.

Sun, 08/24/2014 - 19:23 | 5138421 robertocarlos
robertocarlos's picture

BoC refuses to raise interest rates.

Sun, 08/24/2014 - 19:48 | 5138491 Atomizer
Atomizer's picture

HFT will keep the lifeline stable. When rates rise, the money theft already happened. 

Focus on SDR moving average and FX currency fluctuations. That's all for now. However, keyboards are hammering to stay ahead of destinations accounts and new limited holding accounts. Money is flushed into new account. The entire process is repeated. 

They will be caught. Takes time. This is your US Government, not a fly by night Identity theft scammer. The end is near. I laugh on how egos make grave mistakes. 

The poor little Intel US government fucker's. Ass raping, three meals a day, and a cell to reside in for the rest of your life. How deviant do you feel now? 

 

Sun, 08/24/2014 - 19:24 | 5138425 Tenshin Headache
Tenshin Headache's picture

No estimated opening time. Hmmmn.

Sun, 08/24/2014 - 19:53 | 5138504 GrinandBearit
GrinandBearit's picture

I always said, whenever the big event happens it will be over the weekend and be evident in the Sunday night futures market.

What market? -lol

Sun, 08/24/2014 - 19:54 | 5138509 Tenshin Headache
Tenshin Headache's picture

Out with a whimper rather than a bang?

Sun, 08/24/2014 - 19:59 | 5138515 GrinandBearit
GrinandBearit's picture

7.0 earthqauke in Peru... now that is something to sneeze about!

Sun, 08/24/2014 - 23:39 | 5139199 espirit
espirit's picture

I'm thinking we should all get together and sing 'It's a Small World After All'.

Chaos Theory, Bitchez.

Sun, 08/24/2014 - 20:32 | 5138584 fukidontknow
fukidontknow's picture

?

Sun, 08/24/2014 - 20:29 | 5138616 Phosgene
Phosgene's picture

TF now open and up a handle.  Com'on Tylers, don't cherry pick data.  EURJPY implies a negative open, but AUDJPY (+9bp) and USDJPY (+24bp) sure as hell don't.

Sun, 08/24/2014 - 22:18 | 5138960 Godisanhftbot
Godisanhftbot's picture

the tylers , like the najarians, are really FADING their own public calls.

Sun, 08/24/2014 - 21:18 | 5138759 Notsobadwlad
Notsobadwlad's picture

They must be late reprogramming the price control algos.

... such is the problem with people managing the technology.

If only the technology was able to manage itself. It would never call in sick or wake up with a hangover.

More's the pity.

Sun, 08/24/2014 - 21:20 | 5138769 Spungo
Spungo's picture

This is the bell at the top telling people to get the fuck out of stocks. It's normal for the US dollar to rally during or before a recession. This is because currencies are affected by trade balance. As a country exports more, the value of their currency rises. Countries debase their own currency to maintain the exchange rate, and this is why it's often said that America "exports" inflation to other countries. What happens if the exports to the US slow down, but the country is still printing money as if exports were high? Their own currency loses value against the dollar. This is the forex market telling us trade is slowing down. Two currencies to watch are the Australian and Canadian dollar. Back in 2008, the Australian dollar lost about 30% of its value relative to the US dollar, from peak to valley. Canada's drop was a little less, but still very dramatic.

Sun, 08/24/2014 - 21:24 | 5138780 Godisanhftbot
Godisanhftbot's picture

it may never open again

glad im flat

Sun, 08/24/2014 - 21:35 | 5138814 knukles
knukles's picture

You're gld you're flat and somebody up top asked for no tranny jokes....Seeesh

Sun, 08/24/2014 - 22:05 | 5138917 Baby Eating Dingo22
Baby Eating Dingo22's picture

Futs now open

They just had to run to Home Depot

Green paint aplenty again

Sun, 08/24/2014 - 22:07 | 5138922 Godisanhftbot
Godisanhftbot's picture

 Futures open GREEN, the call for -7, like 99% of the calls here

 

 WRONG!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Sun, 08/24/2014 - 22:10 | 5138931 El Hosel
El Hosel's picture

Someone tried to sell stocks while nobody was looking... Hit the kill button and find the perps.

Sun, 08/24/2014 - 22:17 | 5138955 jubber
jubber's picture

FTSEMIB > 20K Wtf?  why has everything gapped up rather than gap down? Euro down 50 and european indexes to the fucking moon!

Sun, 08/24/2014 - 22:18 | 5138956 Godisanhftbot
Godisanhftbot's picture

 ok, show of glands, how many here have MADE money reading the constant negative postings, and how many are living out of a cardboard box, under the bridge, and eating boiled shoe leather for noureshment?

Sun, 08/24/2014 - 22:48 | 5139042 Colonel Klink
Colonel Klink's picture

Commodities Manipulation Exchange

Sun, 08/24/2014 - 23:05 | 5139109 TheRideNeverEnds
TheRideNeverEnds's picture

Fuck how am I supposed to BTFATH now?  

 

Gotta get em before they pass 2000 as we will likely never see the S&P trade this cheaply again in our lifetime.

Sun, 08/24/2014 - 23:46 | 5139221 Spungo
Spungo's picture

"how many here have MADE money reading the constant negative postings, and how many are living out of a cardboard box, under the bridge, and eating boiled shoe leather for noureshment?"
I'm up about 20% YTD.

Mon, 08/25/2014 - 00:58 | 5139362 walküre
walküre's picture

That's all?

Mon, 08/25/2014 - 00:23 | 5139292 interbanker
interbanker's picture

That is no "Glitch" That a hacking job, they were Hack and will not admit it..you will read about in a couple of weeks or months. Trust me is a hacking job.

Mon, 08/25/2014 - 00:32 | 5139313 NDXTrader
NDXTrader's picture

Blow off top

Mon, 08/25/2014 - 01:28 | 5139409 flyonmywall
flyonmywall's picture

My vote is with General Winter. Everything else is just paper.

Long lead and other metals. Somewhere along with my anchor.

 

 

 

Mon, 08/25/2014 - 02:25 | 5139455 jubber
jubber's picture

the last grain of any market credibility gone as Europe aqakes to S&P 2000

Mon, 08/25/2014 - 03:30 | 5139507 Yen Cross
Yen Cross's picture

 NOT that anybody gives two " RAT pellets/ I just shorted usd/jpy.  104.163 for posterity/ You clowns can beat me up next week, for being so Mentally Deficient  > tongue dragging on ground,,,,

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