Trade in the Energy Futures Market was HALTED! It also looks like the CME doubled daily limits on gas, heating oil and crude.
I'm not sure which way to interpret this, however given the hike in oil, I don't think it's there to protect against a panic sell-off, although that might be an initial thought. How about this, there's a bit of a sell-off, people start getting a bit panicky and the CME closes access to the markets. What effect would that have on an already "panicky seller"?
5 years ago
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