Even after trading was largely restored on Friday, disruptions extended well into the US session, with CME Direct, a trading platform provided by the exchange, offline for most of the day
The idea is to allow traders to access a wider pool of participants to match orders off against, at a time when currency volatility has surged due to uncertainty on US trade policies.
The half-dozen mammoth orders whipsawed prices and disrupted trade in the CME Group's Comex futures, a market already edgy about bullion's fading safe-haven appeal and its lackluster performance during the US budget impasse.
Almost two weeks after the bankruptcy of commodities firm MF Global, customers at rival firms are all asking the same question: How safe is my money?
Rival commodity brokers raced to bring on board thousands of MF Global customers on Friday, facing a tight deadline to see that trading positions and collateral frozen since Monday are fully margined or liquidated.
The CME Group said late on Monday it has suspended MF Global Inc as a member of the exchange as the broker-dealer filed for US Chapter 11 bankruptcy protection.
Silver futures tumbled by Rs 425 to Rs 59,411 per kg today as speculators offloaded their positions, triggered by a weak trend in overseas markets.
Gold fell more than 1% on Thursday, extending the previous session's losses, after the CME Group raised trading margins by the most in over two and a half years to curb volatility in bullion that had surged to dizzying heights.
Gold slid from record highs on Thursday as investors cashed in some of the previous session's near 3% gains after US stocks opened higher.
Gold today fell from a record after CME Group Inc boosted margins on futures contracts, prompting some investors to sell the metal after a three-day rally.
Gold eased on Thursday from record highs struck earlier in the session after the CME Group raised margins on COMEX gold futures, but turmoil in the global financial markets and fears of slower growth will buoy sentiment.
CME Group Inc, the world's largest commodities exchange, raised the margin call for crude futures for the fourth time since February as price volatility soars.
Cheaper prices lured Asian investors to gold and silver, both seeing a spurt, even as investors entered warily keeping an eye on the US jobs data expected later today.