Nymex crude oil trading was halted for several minutes during a period of heavy volume after traders reported problems placing orders and receiving market data, according to an exchange spokeswoman.

No trades were processed between 11:19 a.m. and 11:24 a.m. EDT. Volume was high before the halt, as oil prices were falling rapidly following news reports that the Securities and Exchange Commission is charging Goldman Sachs (GS) with fraud.

The problems were centered on order routing and market data on Globex, Nymex operator CME Group Inc.'s (CME) electronic trading platform, said Anu Ahluwalia, a CME spokeswoman.

"Everything is running normally now, we're just trying to figure out what happened," Ahluwalia said.

-By Brian Baskin, Dow Jones Newswires; 212-416-2453; brian.baskin@dowjones.com
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