US EditionCME trading halted due to cooling issue at data centres
A cooling system failure at CyrusOne data centers halted CME futures and options trading, disrupting global price feeds including major benchmarks and the EBS foreign exchange platform.
- On Friday, the Chicago Mercantile Exchange halted trading after a cooling issue at CyrusOne data centres, with CME saying support teams are working to restore services.
- A critical cooling system malfunction at CyrusOne data centres housing CME infrastructure caused the disruption, and CyrusOne, Dallas-based operator of over 55 data centers, had not commented.
- All Globex futures and options were paused, affecting FX, commodities, Treasuries, and equity futures as price updates for major benchmarks stopped and the EBS foreign exchange platform went offline during a shortened post‑Thanksgiving U.S. session starting just before 0300 GMT.
- Market participants said the outage frustrated attempts to manage positions as a CME spokesperson did not immediately respond to CNBC and CyrusOne had not issued a comment to Reuters.
- Analysts point to surging data-centre demand and persistent supply challenges as McKinsey & Co warns global demand could more than triple by 2030, straining capacity for CME Group's critical infrastructure.
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127 Articles
Chicago Tribune
arcamax.comThe private equity-owned data center behind giant CME outage
About 45 minutes west of downtown Chicago lies a rather unassuming, glass-encased data center that some of the world’s largest markets depend on. By one 2018 estimate, at least $25 quadrillion of notional trade volume passes through the facility every day. The Aurora, Illinois, complex has served as the primary hub of digital operations for the world’s largest futures exchange operator CME Group Inc. for nearly two decades. The 450,000-square-fo…
CME Outage Halted Trading of Futures and Options: Worst in Years
CME Futures Outage News: CME’s Globex trading outage hits US markets ahead of Thanksgiving, disrupting futures, treasuries and commodities, raising concerns over data centre reliability and market stability. US markets had closed Wednesday on a high note ahead of the Thanksgiving holiday. But just as markets were preparing for a shortened session, CME’s electronic trading […] The post CME Outage Halted Trading of Futures and Options: Worst in Ye…
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