BrokerTec, the biggest electronic trading platform for Treasuries, briefly shut the afternoon of Jan. 11 because of a technical malfunction, an outage several traders said caused a market-wide slowdown in one of the world’s biggest assets.
In an email message to traders at around 2:11 p.m. New York time, BrokerTec said it was “experiencing technical difficulties and trading has been temporarily suspended.” Laurie Bischel, a spokeswoman for BrokerTec owner CME Group Inc., said it reopened around 3:35 p.m.
Dealers rely on BrokerTec to trade Treasuries with each other, making it a key piece of infrastructure for the $15.6 trillion market. ...
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