What happened to Ags today?

[torero 10]

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.

[Minetoo 10]

ECBOT crashed and burned. Financials were down too until servers were restored.

[torero 10]

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?

[Guest cooter]

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.

[Nick1984 10]

If you got stuck in the crash just take a hedge position on an equivalent CME contract. Globex seems way more reliable than ECBOT.

[torero 10]

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.

[Minetoo 10]

Here's some good cya strategies:

http://www.tradethemarkets.com/public/1121.cfm

http://www.tradethemarkets.com/public/1116.cfm