(Reporting by Davide Barbuscia)
NEW YORK, March 16 (Reuters) - Electronic trading
provider CME Group said trading of certain products linked to
the Secured Overnight Financing Rate (SOFR) and Fed funds was
briefly halted on Wednesday.
"Dynamic circuit breaker events occurred yesterday at
approximately 8:14 am CT for certain SOFR and Fed Funds
products. At that time, there was a two-minute pause in
trading," a spokesperson said.
Circuit breakers are a series of price limits that, when
hit, pause a market for a period of time for markets to reset,
according to CME Group's website.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.