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What's happening at Eurex? [Edit: Eurex is trading again]
I was observing what was happening when it reopen at 1245. The price differences for the few instruments I was looking at didn't change much at the reopening.
I'm just wondering suppose something big happens during the time when the exchange is down and traders cannot change their orders during that time. What would happen once the exchange start working again?
Can you help answer these questions from other members on NexusFi?
I can't answer in general, but yesterday this Tweet pointed out the trading at Eurex was halted.
I am guessing that means that situation gets 'frozen', i.e. pretty much nothing happens until trading resumes, so if you have any orders in they should still be there (either working or resting) when trading resumes.
Given trading is suspended there should be no huge fluctuation so you should expect price to be in the vicinity of where it stopped trading.
If something important had occurred then it would have been interesting, and ...
You can follow Eurex issues here, but it's not very simple to decipher.
Thanks Sam. You're right, the various status messages can be cryptic. Among those one caught my eye
Which I'm assuming refers to the Bund - do you (or anybody else reading this) know whether "non-persistent order" refers to "DAY" orders (as opposed to GTC orders)? That would suggest that any resting orders would have been cancelled, contrary to my earlier assumption.
...