Communications Glitch Shorts Out NY's Futures Markets
THIS WEEK'S LEAD STORIES
Trading on the five New York commodity exchanges came to an abrupt halt on Friday, April 27, due to a short in part of the exchanges' communications system maintained by the Commodity Exchange Center Inc. in lower Manhattan.
"At about 10:51 a.m., we suddenly discovered that we were not transmitting a ticker signal to the vendors," says Jim Neal, general manager of the CEC, which is jointly owned by the five exchanges. CEC officials initially believed the problem was with AT&T's lines. AT&T
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