It always seems to be slow on trade deadline day before 12 PM. Deals really begin to pick up around 1 PM ET and we usually get things rolling in all the way through 3 PM and beyond as the league hands out deadline extensions and things like that.
One of the reasons it’s slow before noon, though, are because waivers clear at noon. In the salary cap world, teams have to clear space under the cap to make moves more often than not, and one way they do that is by putting players on waivers.
Players clear the waiver wire at 12 noon ET each day, so when that happens, the cap space becomes available and teams can continue rolling the ball on deals.
It’s slow now, but just wait an hour or so.