September 16, 2010

CFTC's Gensler: May Be Lessons from Globex Mistake

By Jonathan Spicer

The top U.S. futures regulator said on Thursday it is looking at test orders that inadvertently went live on CME Group Inc's electronic Globex trading platform on Monday, adding "there may be lessons" from the mistake.

CME Group, the world's largest futures exchange operator, placed dummy test orders on its active energy and metals platform for about six minutes on Monday afternoon.

Commodity Futures Trading Commission Chairman Gary Gensler, speaking with reporters on the sidelines of an ISDA conference, said the error was small, identified quickly, and that the exchange operator is cooperating well with the regulator…

Read Full Article on Reuters.

Last Updated: September 17, 2010