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On Friday, trading was stopped in many markets on the Chicago Mercantile Exchange.
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A major exchange operator blamed a “cooling problem” on a partner’s data center.
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The problem was resolved, and futures and options trading resumed at 7:30 a.m. local time.
Trading on most markets on the Chicago Mercantile Exchange stopped for several hours due to a cooling problem in one of its data centers.
“Due to a cooling issue at CyrusOne data centers, our markets are currently halted,” CME Group said on X late Thursday, adding that it was “working to resolve” the issue.
By approximately 8:20 a.m. ET, the issue appeared to be resolved. CME Group said on X that markets including BrokerTec EU and BrokerTec US Actives are “open and trading” and futures and options trading will begin at 7:30 a.m. local time.
CME is the world's largest exchange operator by market value, providing trading stocks, commoditiescurrencies and other assets, meaning that a stop could cause serious problems around the world. global financial markets.
Despite the decision, the halt could lead to more volatility during the shortened trading session later on Friday, as even weaker holiday trading than usual could lead to sharper price swings.
Read the original article at Business Insider
