CME halts futures trading
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Day traders who said they still needed their day jobs shared their strategies for holding down a 9-5 while trying to make it in markets.
The comeback of so-called voice trading — which had been falling as a share of overall Treasury trading for decades — reflects the growing importance of what are known as package trades, often conducted by hedge funds.
Paul Adcock, Head of Equities at 24 Exchange, said: “Sometimes you have to look in three different places to find the corporate action. Sometimes you don’t get it till 10 o’clock at night. You’ve been trading it since eight. So this is something that really has to get fixed.”
Markets are technically open Friday, but there’s a catch: The New York Stock Exchange, the Nasdaq Stock Market, and over-the-counter markets will open at 9:30 a.m. Eastern on Friday, but will close early at 1 p.m. Meanwhile, bond markets will open at 8 a.m. Eastern on Friday and shutter at 2 p.m.
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Stock Market Live November 28: S&P 500 (VOO) Rises on Black Friday Despite Trading Glitch
Futures trading was suspended on the Chicago Mercantile Exchange Friday morning after the exchange said "a cooling issue at CyrusOne data centers" in Chicago forced a halt to trading. "Globex futures and options markets,
Companies that buy huge amounts of energy and commodities have long used paper markets to help hedge risk: Think of coffee roasters that trade in bean futures. But what’s different for Meta is that the foray comes at a time when power demand is on track to explode, which could bring with it an equally large surge in market volatility.
Verrica Pharmaceuticals Inc (NASDAQ: VRCA) rose 9.7% to $7.36 in pre-market trading after gaining 31% on Wednesday. Verrica Pharmaceuticals recently announced a $50 million private placement to retire debt and extend its cash runway.
The New York Stock Exchange and Nasdaq will close early at 1 p.m. ET on Black Friday. After Black Friday, U.S. markets will resume normal hours until closing early on Christmas Eve. Thanksgiving has come and gone, and now it's time to get back to business.