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 But traders in Asia said the delay would have only a limited impact,
with volumes likely thin on Monday morning in the absence of major
market-moving news over the weekend.
The start of trade in all contracts on the Globex Markets platform,
apart from Bursa Malaysia derivatives, was halted because of an
unspecified technical glitch, the top U.S. exchange operator said on
its website.
Trade eventually began at 2200 EST, but a spokesman for CME in
Singapore declined further comment.
Among contracts traded on CME include the benchmarks for U.S. crude
and agricultural markets such as wheat, corn and soybeans. U.S. gold
and silver futures are also traded on the system.
The delay marks another headache for CME, which shut electronic
trade for leading agricultural contracts on April 8 in the
worst-ever trading outage for those markets.
CME Executive Chairman Terrence Duffy has said that outage was
triggered when sophisticated technology tripped over a trading halt
in a single market.
CME, which owns the Chicago Mercantile Exchange, the Chicago Board
of Trade and the New York Mercantile Exchange, said in July that it
would slash costs by reducing hiring and employee travel amid weak
trading volumes that led to a 15 percent drop in second-quarter net
profit.
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All day and session orders, including so-called good-through-date
orders with an Aug. 24 trade date would be canceled, CME said on
Monday.
All open orders that have been acknowledged would remain working,
the exchange operator said.
(Reporting by Colin Packham in SYDNEY, Manolo Serapio Jr. and
Florence Tan in SINGAPORE; Editing by Michael Perry and Joseph
Radford)
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