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Old 08-23-2007, 04:05 PM   #1

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What happened to Ags today?

Does anyone know why trading was halted near after the opening, then resumed about 1.5 hrs later? I've looked at the CBOT.com site but couldn't find anything.
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Old 08-23-2007, 05:26 PM   #2

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Re: What happened to Ags today?

ECBOT crashed and burned. Financials were down too until servers were restored.
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Old 08-23-2007, 05:36 PM   #3

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Re: What happened to Ags today?

Man, I hope CME takes over soon because this CBOT bites big. I've always been watching this crap happened to others but this time I got caught and ate a bigger loss than I wanted to. Another "Don't you hate it when..."!!!!

Where did you find this info? Why wouldn't it post it in its own website?
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Old 08-23-2007, 05:51 PM   #4
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Re: What happened to Ags today?

Pit was up and running. Another reason to choose a broker that can trade 'em both without much difficulty. OpenECry had no problems on the pit side, for example. If you were using a broker that could trade both side-by-side contracts you could have exited your electronic position via a pit order instead of taking one on the chin.

Eventually all the eCBOT electronic contracts will be migrated over to the more stable CME Globex platform - and hopefully sooner rather than later.
 
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Old 08-24-2007, 04:59 AM   #5

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Re: What happened to Ags today?

If you got stuck in the crash just take a hedge position on an equivalent CME contract. Globex seems way more reliable than ECBOT.
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Old 08-24-2007, 10:21 AM   #6

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Re: What happened to Ags today?

Yes, good thing I'm still in a small position phase of trading these products, but good to know there are brokers who can handle both. I thought I had the charts to pit charts and didn't see any movements either. So I guess I was wrong now looking at them, there was trading the entire time, another lesson learned.

TS has pit-trade on Ags but through RJ O'Brien's platform. I'll look into that. thanks for the input, guys.
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Old 08-24-2007, 10:50 AM   #7

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Re: What happened to Ags today?

Here's some good cya strategies:
http://www.tradethemarkets.com/public/1121.cfm
http://www.tradethemarkets.com/public/1116.cfm
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