Summary
Global futures trading was disrupted for over 11 hours due to an outage at CME Group, the largest exchange operator. Trading resumed after the issue, caused by a cooling system failure at a data center, was fixed.
Key Facts
- CME Group is the world's largest exchange operator.
- The outage stopped trading in stocks, bonds, commodities, and currencies.
- The disruption lasted over 11 hours and was due to a cooling failure at a data center.
- Trading on CME's EBS platform was impacted, halting major currency pairs.
- Benchmark futures like West Texas Intermediate crude, Nasdaq 100, and gold were also affected.
- The outage happened during U.S. Thanksgiving week, causing potential market volatility.
- CME average daily derivatives trading volume in October was 26.3 million contracts.
- CME shares were up 0.4% in premarket trading after the outage.
