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Futures Lead the Way in Market Re-Opening Post Sandy


Equity and bond trading to follow tomorrow. DTCC ready for business, too.

MINYANVILLE ORIGINAL CME Group (NASDAQ:CME) will reopen its US equity index futures and options trading today at 5:00 p.m. CT (6:00 p.m. ET), for the overnight session, it said in a statement. Floor trading for futures and options, as well as CME Globex venues, will reopen as normal tomorrow, Wednesday, October 31. Index futures stopped trading electronically on Tuesday. CME's interest rate complex already reopened for electronic trading on Monday, October 29, and has since resumed floor trading.

CME Group's NYMEX World Headquarters and the New York trading floor will resume normal hours tomorrow as well. All floor-traded products remained available on CME ClearPort as well as CME Globex, the CME noted.

US equity trading has been closed for two consecutive sessions, Monday and Tuesday, in reaction to Hurricane Sandy. It was the first time a weather-related shutdown had extended two days since the Great Blizzard of 1888.

Bond markets, which shut down noon on Monday, should resume trading on Wednesday, said the Securities Industry and Financial Markets Accociation.

The Depository Trust & Clearingy Corporation was able to shift clearing, settlement, and other processess from its lower Manhattan site to multiple other locations. The DTCC anticipates being fully operational when the US markets resume, it said in a statement.
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