Crude Complex Market Halted - Update: Market To Reopen At 3:15pm With 15 Minute Preopen
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.
(16 votes)
»
- Login or register to post comments
- 20123 reads
- Printer-friendly version
- Send to friend
Time to bomb Iran then!
... scary thing is... you may be right
Looks like the heartbeat of a healthy rhythmic market to me? What's the problem? <sarc>
Pay no attention..
http://www.youtube.com/watch?v=YWyCCJ6B2WE
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.
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."
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."
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.
http://www.youtube.com/watch?v=ar0xLps7WSY
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.
"..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!
You didn't read the fine print.
A Mac can't me hacked, unless connected to the Internet. :)
People who've had their computers hacked = terrorist.
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.
What are you guys so surprised of? This is a perfectly efficient market, at least Bernanke thinks so.
um
you have accounts with these entities, but you think ZH is responsible for you being hacked?
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.
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?
Get Bitdefender.
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.
Macs suck shit.
The only reason people don't hack them is because nobody uses them
I hear the iTerminal is coming and Bloomberg is fucked!
AAPL FTW!
That's about it alright.
Yeah... nobody except 70% of the sheep entering college. And many more of the bourgeoisie that keep up with the Jones'.
You might want to uninstall the europe firewall from your computer system.
You're a very bad man.
I saw a Cat.....and then I saw another cat that looked just like it?
Must be a glitch or somethin'
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?
You may be a science geek if the SPCA is after you because you tried the Schrodinger's cat experiment.
A glitch in the Matrix, sure.
'Twas just that "Fat Fingered" bastard again. Nothin to see here.
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.
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...
in your best John Wayne voice:
Maybe they're really bluffing
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!"
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.
Why do people still trade after MF Global? You get better odds in Vegas
why do ppl still vote after Dubya & O'bamalama?
old habits die hard.
Stuxnet was served across the court and thwap!
A return volley by ... Ayatollahnet !
dupe ...
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!
I wonder if the oil companies are hedging to keep their costs lower? I hope they are.
Business as usual....carry on.
Good place to get stuck. Price fluctuations will resume post liberation.
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!
thats not exactly out of the ordinary... thats HFT 101... buy bid, sell the ask... a trillion times over... and thats it
Any-non-moose. Expect them.
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!
Everyone being told technical issues at Nymex.
Weird.
technical issues == NATO forces bankrupt and can't "liberate" iRan and Syria
Too many bullets un fired to be bankrupt just yet ;)
NO, no - not this Monday, you idiot - Next Monday! Somebody got their wires crossed....
The Peak Oil sect will be there in a minute to interpret this as a sign of a coming apocalypse in crude. They are so predictable.
The "unicorn piss will save us" brigade will be here in a minute to interpret this as a sign of a coming messiah from the Elvin Kingdon Mithrandier.
I see the "there is no such thing as technological or scientific advance" brigade is already here.
there sure are technological advances; they helped us suck the oil out faster and deplete quicker.
Not a good time to be long oil - even with the fed's "plan" to devalue the USD 33% in next couple of years. refined and bulk demand is dropping like the book P/L of an overly zealous "peak oil" fanatic's too heavy to long oil positions.
They snagged you man - snagged you good, This always happens before the "big" haircut - most know that by now.
Peak Oil is a scam - like war - not because of it's limitations as a resource, but because of it's real term price limitations - we're in, we've been in, an oil glut for more than 20 years - peak oil is a story boiler room pitchmen use to bait the fearful with offers of a replacement faith, the belief in "Peak Oil". Bet on the insurance GS wrote and not the investments they placed [and] then subsequently, coincidentally, insured.
One can deny reality, but one cannot deny its consequences.
WHOA!!!! So your sayIng unicorns do exist?!
Pretty much. Show him evidence of alternative fuels and energy sources, and he calls them "unicorn piss".
It's pretty pathetic, actually. It's too bad he chooses to continue his pointless pressing of this idiocy. There is no reason behind it. Only pride.
We've already reached peak unicorn piss.
Where's the Messiah when we need him?
Well, then maybe it's time we started tapping unicorn shit?
alternative fuels...HAHAHAHAHAHAHA. Like what?
An alternative to what, oil? Or unicorn piss. there IS NO alternative for oil.
Yak Shit to you, Yak dung to everyone else.
Who needs oil?
just a couple thigs made out of it: gasoline, diesel, propane, asphalt, bitumen, tar ,polyester, nylon,petroleum jelly, ammonia,Ethane, Fuel oils * Petrol * Jet fuel * Kerosene * Liquid petroleum gas (LPG) Alkenes (olefins) which can be manufactured into plastics or other compounds * Lubricants (produces light machine oils, motor oils, and greases, adding viscosity stabilizers as required). Wax, Sulfur or Sulfuric acid. Bulk tar. Petroleum coke, Paraffin wax,Aromatic petrochemicals.
We can easly replase it all with a solar battery or wind turbines. ;)
this is about a market breakdown, peak oil is kinda off topic don't ya think?
this is clearly a sign that the peak oil apocalypse is upon us... Oh wait... this is an utterly pointless event that will have no effect on anything anywhere.
the irony is the fact that I'm taking the time to comment on this completely useless piece of information.
You rang?
Yes, it's pointless. All of it is.
Useless, yes, but primarily pointless.
It's another open-thread. Go nutz.
Did you hear the one about the baby Harp seal that walked into a club?
Nothing to see here, keep moving folks
Yup, but the second one should have seen it coming....
Right Hammy, oil is SO easily obtained and plentiful, thats why we're on a Hitlerian march across the world to topple govt's and steal as much oil as they can.
"Physical peak oil, which I have no reason to accept as a valid statement either on theoretical, scientific or ideological grounds, would be insensitive to prices. (...)In fact the whole hypothesis of peak oil – which is that there is a certain amount of oil in the ground, consumed at a certain rate, and then it's finished – does not react to anything.... Peak oil has been predicted for 150 years. It has never happened, and it will stay this way." - Dr. Christoph Rühl, chief economist of BP
Haha wow that guy really said that?! Yes Mr. BP Man supply has absolutely no effect on price in economic theory.
http://en.wikipedia.org/wiki/Cargo_cult
That's exactly what the Peak Oil movement is, in an inverted manner. Instead of wishing modern technology's appearance, they wish it to disappear. In both cases they don't understand it, in both cases they are afraid of it, and in both cases they have recourse to incantations.
Hamy youre slipping out of role, getting all politicaly charged and whatnot....bad troll, BAD!
There are many shades to the so called "peak oil movement," and you're right. some of them are doomers who if they weren't dooming about peak oil they'd doom about something else, but many are pragmatic, rational thinkers who have looked at the numbers and can see that the world has a looming energy crisis.
Haha I mean come on we just experienced the highest january gas prices in history. remember the 1970s oil shocks that caused two severe recessions in the developed world? the price you're paying at the pump at this very moment is higher, in real terms, than what you paid in the 1970s. just wait for the joy you'll have at the pump come April. oh, but I forgot, we're not in an oil shock.
Gasoline is 15 cents a gallon based on 90% junk silver face value. It has never been cheaper as far as I know. The FRN, however, is busy being debased, if you base your calculations on something created out of thin air.
Ham, please, eat yourself. You will get plenty of animal fat and a blowjob at the same time. If you chew long enough, we won't have old hamy to save as leftovers for the family dog.
Hamywanger you can blow me too while you're down there...
what a motherfuckin moron...yeah, Ruhl too.
Peak oil was predicted in the 1950s. Then it happened.
In fact, it has happened to 54/65 of the top oil-producing nations.
I have no clue why a fucking economist should even think themselves qualified to SPEAK.
Um.
It already happened in 1971 in the USA. Oil production peaked, then started declining, and kept on declining. Till today production is about 50% of peak output.
Why do you think the US had to quit Vietnam, come off the gold standard and stop sending people to the moon? You had to start buying energy just like everyone else.
Hamy I swear to god i have never read your post! I SWEAR!!
Darn it all, hamypajamy. Bullshit once came natural to you. NOw, you are sad and pathetic. You are not even worth junking anymore.
You are way beyond your mental peak. You lost your edge when your mother shut off and your brother's Robo's , internet. How's it at the library these days?
Ham, SSSSSHHHHHHHH,
They might decide to render and burn your lard-ass if you let out the news.
It has occurred to some that when the food supplies start to falter, there are in fact a lot of calories just walking around the city streets.
Obama was to busy putting out his budget and forgot to do some insider trading. So CME is helping out.
Better get someone over to 350 E. Cermak to kick the HFT racks!
Probably some poor schlub tripped over a badly-laid fiber connection.
Just before a rocket ride up. The word is getting out.
When a broken market is "fixed" this is how it trades.