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- An unusual move in US equity market futures this morning triggered a market intervention by CME Group, the world’s biggest futures exchange.
- CME had to halt trading for brief periods “to enter the market preventing even harder moves”.
- Traders are unsure what caused the move, which has left an extra bout of nervousness for already skittish markets.
- The stock market futures were re-opening after a brutal previous session on Wall Street in which the Dow fell by 800 points, or 3%.
SYDNEY — The world’s largest futures exchange, CME Group, had to repeatedly halt trading in US stock futures for brief periods this morning because of violent price moves, in an unusual intervention that has stunned traders.
US stock futures reopened this morning in Asia after an unscheduled closure to mark the funeral of former President George H.W. Bush on Wednesday. Tuesday’s trade saw Wall Street selling off heavily, with the key indices down around 3% and the Dow down 800 points.
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