CFTC reviewing test orders placed on CME's Globex

Exchange mistakenly sent test orders to live commodities markets

Wednesday 15 September 2010 at 17:00

The chairman of the Commodity Futures Trading Commission said the agency is looking into activity in metals and energy markets run by CME Group, where the exchange mistakenly sent a number of test orders Monday.

The world's largest futures exchange operator issued a notice early yesterday that test orders intended for a "quality assurance testing program" accidentally went live in active commodities markets on Globex, CME's electronic trading platform.