The Trader 

Market Outlook: CME had to halt S&P futures trading

The Trader

CNBC reports that in a written statement the Chicago Mercantile Exchange noted: ‘our equity index futures markets [were] paused intermittently following this evening’s open due to volatility, which triggered more than 40 Velocity Logic events in the first six minutes of trading.’ Speculation as to why the volume was so large – Nomura Securities believes it was 36,700 contracts in the S&P 500 futures in the first 10 minutes – was blamed on a large fund of funds liquidating a position.

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