CME Group Investigates New Customer Disconnect Issues
CME is trading near its 52-week low of $244.56 (0.3% above the low).
Summary
CME Group is investigating customer disconnect issues affecting some of its direct customers. This follows previous reports of technical and latency issues on May 8th and delays affecting Straight-Through Processing on May 15th. For an exchange operator, platform stability and reliable connectivity are critical to its core business. The recurrence of operational problems could erode customer confidence and potentially impact trading volumes.
At the time of this announcement, CME was trading at $245.25 on NASDAQ in the Finance sector, with a market capitalization of approximately $88.9B. The 52-week trading range was $244.56 to $329.16. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.