Crude Complex Market Halted - Update: Market To Reopen At 3:15pm With 15 Minute Preopen

Tyler Durden's picture

Update 3: Market reopens - "perfectly normal market"

Update 2: "CME Globex Crude Complex Futures and Options markets will open at 14:15 Central Time with a 15 minute pre-open"

Update from CME: "The following actions will be taken on CME Globex Crude Complex Futures and Options markets prior to the market opening: All day and session orders, including GTDs with today's date will be cancelled. All GTCs that have been acknowledged will remain working."

Something odd is going on in crude quotes which halted at 2:04pm, following what may have been an algo gone berserk in advance of what may or may not have been a block order. The feed has since stopped transmitting. The initial read is "technical difficulties" out of the CME Globex crude exchange. Someone take quote stuffing a little too far today?

And this is what happened in USO just before the crash. Note the surge in volume:

And on the CME's website:

And upated CL March volume chart:

Update: $101

Translation: all your electronic barrels are belong to SkyNet.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
lolmao500's picture

Time to bomb Iran then!

dhussey's picture

... scary thing is... you may be right

ShankyS's picture

Looks like the heartbeat of a healthy rhythmic market to me? What's the problem? <sarc>

NewThor's picture

I try not to pay attention. And! not Comment on ZEROHEDGE.

cuz when i do....

all my computers get Hacked.

and i lose a lot of screenwriting and video editing work.

and that sucks.

NewThor's picture

Seriously. I've had my Macs and PC's hacked and zero data'd several times.

I've had all my email accounts hacked in seconds, including twitter, facebook and yahoo.

Why am I the fucking bad guy in this scenario?

I've been on the Anti-Bernanke bandwagon since 2007.

I wish we had a real Fight Club here at Zerohedge.

"You'll never knock me down, Ray."


NewThor's picture

Funny story.

Last time I was at the APPLE store to get my Mac fixed cuz of hacker dudes....

the Apple guy gave me the line that "Macs can't be hacked."

I pulled up the front page of Zerohedge that showed Anonymous had hacked the Interpol and CIA 'anti-hacker' phonecall and posted it online.

I asked the guy, "So if Anonymous wanted to hack a Mac, he couldn't do it?"

Apple guy "He probably could, but he wouldn't hack you."

Me. "So Macs can't be hacked?"
Apple guy "That's right. Macs can't be hacked."

JohnG's picture

That's bullshit I can hack a Mac in less than 10 minutes.  It's so easy it's a joke.  You can be root in 5 minutes.  5 minutes later, you're done.

NewThor's picture

My question is "Could you track my hacker?"

If I could find out who it is, I could send Batman or Wolverine pay them a visit.

They're owned my ROOT for awhile, and no root kit in the world gets them out or keeps them out.

sgt_doom's picture

"..I could send Batman or Wolverine pay them a visit."

Dude, Bruce Wayne is a bankster, and that Wayne Foundation of his is where he hides his wealth and further ownerhip of even more stocks, bonds and companies.

Focus, big guy, focus!

foofoojin's picture

You didn't read the fine print.

 A Mac can't me hacked, unless connected to the Internet. :)

smiler03's picture

People who've had their computers hacked = terrorist.

NewThor's picture

Under NDAA, anyone who speaks out against the status quo of government and economics could be considered a TERRORIST.

Don't like Bernanke, Geithner or Obama's way things are run?

Time for the new game show "Black Bag Zip Tie Fun!" with your host, Big Nugget.

ilion's picture

What are you guys so surprised of? This is a perfectly efficient market, at least Bernanke thinks so.

Cathartes Aura's picture


I've had all my email accounts hacked in seconds, including twitter, facebook and yahoo.

you have accounts with these entities, but you think ZH is responsible for you being hacked?


tekhneek's picture

I try not to pay attention. And! not Comment on ZEROHEDGE.

cuz when i do....

all my computers get Hacked.

and i lose a lot of screenwriting and video editing work.

and that sucks.

This sounds a lot like problems anyone who uses any version of Windows experiences. Throw your P(iece of)C(rap) out the window and go get a Mac or use Linux.

NewThor's picture

The hacking started on my Macbook Pro.

I'm a Final Cut Pro addict, don't like Avid or Premiere.

There have been security issues on the Mac with Icalender, Itunes, Isynch...etc.

I'd like to buy a NEW macbook pro, but if they can continually synch my global prefs, then what's the fuggin' use?


SAT 800's picture

No, you would not like to get a NEW macbook pro; what you would like to do is download Linux Mint operating system onto to your PC notebook; and erase everything on there made by MicroSoft. Then the world becomes peaceful and productive.

trav7777's picture

Macs suck shit.

The only reason people don't hack them is because nobody uses them

CvlDobd's picture

I hear the iTerminal is coming and Bloomberg is fucked!


SAT 800's picture

That's about it alright.

Vagabond's picture

Yeah... nobody except 70% of the sheep entering college.  And many more of the bourgeoisie that keep up with the Jones'.

Atomizer's picture

You might want to uninstall the europe firewall from your computer system.

Gazooks's picture

You're a very bad man.

AgShaman's picture

I saw a Cat.....and then I saw another cat that looked just like it?

Must be a glitch or somethin'

knukles's picture

Wasn't that Heisinberg's Lost Pet "Sorry Officer, but I'm uncertain where my fucking cat is." principle or Schrodinger's "It's sure as hell's not alive anymore, dude." roadkill hypothesis? 
Or maybe an upcoming mysterious budget that'll never get passed.

Reminder to readers of an official nature (as in official readers); It's not the fucking financials, it's the politicians dicking around that are getting us (as in US, too) downgraded.

Well of course stocks should be going up, Knukles.  What do you expect?  Reality?

DeadFred's picture

You may be a science geek if the SPCA is after you because you tried the Schrodinger's cat experiment.

aerojet's picture

A glitch in the Matrix, sure.

boattrash's picture

'Twas just that "Fat Fingered" bastard again. Nothin to see here.

Gringo Viejo's picture

I've always enjoyed the term "Technical Issues". Covers a lot of ground without saying shit.


Yeah seriously,, Iran hasn't closed the strait of hormuz so the CME Cocksuckers are doing their part to further the cause of fraud and war. 

eatthebanksters's picture

methinks the CME got advance word on something and closed it down as a precautionary move...we'll know soon enough whether its for real or just another bluff...

knukles's picture

in your best John Wayne voice:

Maybe they're really bluffing

The Shootist's picture

but, Pilgrim, you caused a lot of trouble this morning; might have got somebody killed; and somebody oughta belt you in the mouth. But I won't. I won't. The hell I won't!"

Ruffcut's picture

I was going to say I saw it live or dead for 20 minutes. Options stayed constant so nothing was fishy there.

SOme fat ass tripped and pulled out a plug, somewhere. Glad I did not have a trade on and watch it lock and what if you are on the wrong side? FUCK!!! this shit makes a traders heart fall right thru thier ass.

Doña K's picture

Why do people still trade after MF Global? You get better odds in Vegas

Cathartes Aura's picture

why do ppl still vote after Dubya & O'bamalama?

old habits die hard.

Dollar Bill Hiccup's picture

Stuxnet was served across the court and thwap!

A return volley by ... Ayatollahnet !

Cadavre's picture

Time to bomb, indeed!

I'm sure the USO chart is not, in fact a record of the USO tick, but and instead, an aurel histograram reorded from the last 8 bars of Iron Maiden's Montsegur, being played backwards!

combatsnoopy's picture

I wonder if the oil companies are hedging to keep their costs lower?  I hope they are.  

Fidel Sarcastro's picture

Business as usual....carry on.

GeneMarchbanks's picture

Good place to get stuck. Price fluctuations will resume post liberation.

Sylvia Plath's picture

Not quote stuffing... it's a algo trying to break the book open before close.


The algo is playing both sides, and orders being filled.... 


We shale see!

dhussey's picture

thats not exactly out of the ordinary... thats HFT 101... buy bid, sell the ask... a trillion times over... and thats it

Cadavre's picture

The algo is playing both sides, and orders being filled....

Wondering if there's a "tell" or "tell of the tail" when algo's are trapped on both sides of the trade, both the party and the counter party, In equities there appear to be an event where the vix and the 21 HV print correspond within a penny for a few days - or weeks. A few months and repeats later the sell off. It's like HFT's book is VAr neutral and asset prices trade as though "they" underly the derivative contracts like both buyer and seller and 100% self insured - where's the money in that? Perhaps some kind of provincial banker oneupmanship frat game?

When there is no price action in the asset, our very famous, lonely and remembering daze gone by when they chummed to hook retail traders, yet still, very sociable  HFT algos' will always find a party someplace else - even if the asset has no alternative except as an upmarket float carried by it's very own options!

How noble! How noble, indeed!

We're not going to war with Iran - Israel would be a smudge in minutes - we get cut off from global markets - the commons is ready to gut the suits -  Black Water Mercs and VIP body gards don't like being paid with toilet paper no more than the 300 Million ants maintaining the hive's infrastructure do.

The fog and posturing is ruse, an opiate, to calm and relieve the herd when another glorious coalition of genocide only invades Egypt. They want Egypt. They want Africa.


Shit - they already got us!

lizzy36's picture

Everyone being told technical issues at Nymex.