CME Group: No canceled trades from Thursday

Posted May 7, 2010 at 4:28 p.m.

Associated Press | CME Group Inc., which operates the Chicago Mercantile
Exchange and the Chicago Board of Trade, said its markets functioned
properly on Thursday during Wall Street’s wild swing, and that it was
not canceling any trades.

The company said it saw “significant market activity due to global
macroeconomic conditions” on Thursday.

Some trades on Nasdaq and the New York Stock Exchange’s
electronic platform were canceled. But CME Group spokeswoman Anita
Liskey said on Friday that none of Thursday’s trades would be canceled,
because there were no abnormalities on its exchanges.

“It does not appear that CME Group clearing firms or customers
experienced any significant technological failures or trading errors
during this timeframe” of 1 to 2 p.m. CDT, when the market was going
through its swings.

CME said all of its clearing members remain in good standing and
have met their financial obligations to the CME Clearing House.

 

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