Globex Eurodollar futures (GExx)

[Essan]

Why do I regularly see spurious quotes for eurodollar futures on globex.

For example shortly after 12pm CST the GEH7 was trading 94.525-94.530 and then out of no where there is a 94.545 print. I checked with my broker platform and I don't see a trade there.

This is not the first time this has happened. It seems to happen with short term interest rate contracts.

See attached image.

[Essan]

and again....

[Essan]

Problem is bigger than I thought....

Here is a 1m chart of GEh7. Those spikes speak for themselves...

[Essan]

IS ANYBODY EVEN LOOKING INTO THIS????

THE PROBLEM CONTINUES THIS MORNING.....

[Essan]

FOR THOSE THAT NEED PRETTY PICTURES TAKE A LOOK AT THIS...

[eSignal-J.J.]

Hello

We've isolated the cause of the spikes that have been coming through for the various Eurodollar contracts. We are in the process of implementing the fix for this, but due to the nature of the issue, the estimated resolution is approximately two weeks away. We are working to get this resolved as quickly as possible so we thank you for your continued patience. As soon as more information becomes available, we will respond to this thread.

Thanks,
JJ
eSignal Support.

[Essan]

Jay,

Is this due to eurodollar spread trades on globex or is it something else?

Thanks.