Some traders are crying foul with regards to the Chicago Mercantile Exchange’s (CME) electronic Globex trading system following last Thursday morning’s knee-jerk spike in front-month natural gas futures of nearly 75 cents. Some traders complained that their orders were not filled following the Energy Information Administration’s (EIA) storage report release at 10:30 a.m. EDT, which sparked the run-up in prices. The trading exchange said Friday that no glitches were reported on the system.
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Thursday Futures Price Spike has Some Traders Seeing Red
Some traders are crying foul with regards to the Chicago Mercantile Exchange’s (CME) electronic Globex trading system following Thursday morning’s knee-jerk spike in front-month natural gas futures of nearly 75 cents. Some traders complained that their orders were not filled following the Energy Information Administration’s (EIA) storage report release at 10:30 a.m. EDT, which sparked the run-up in prices. The trading exchange said Friday that no glitches were reported on the system.
Blackouts Narrowly Averted, CA Still Crying for Help
“Hope” was the operative four-letter word in California last week if you had anything to do with the energy industry or government as Friday saw the previous day’s specter of rolling blackouts from razor-thin electricity reserves ease.