CME futures go dark after data centre cooling failure

Intro

In this episode of Breaking News to Trading Moves, we are looking at a rare market plumbing failure. CME Group, the biggest futures and options marketplace in the world, was forced to halt trading for hours after a cooling problem at a Chicago area data centre run by CyrusOne. That stoppage froze trading in key futures tied to currencies, commodities, Treasuries and equity indices before CME gradually reopened its Globex markets.

Even though this happened on a thin, post Thanksgiving Friday, it hit right into month end, when many portfolios rebalance. Regulators at the CFTC and SEC are already watching closely, and the incident has put operational resilience back at the top of the agenda.

Winners -

Infrastructure and data centre resilie ...