The post Crypto News: CME Outage Freezes Global Futures Trading for Hours appeared on BitcoinEthereumNews.com.

A CME outage froze global futures trading for hours after a Chicago data centre cooling failure, leaving traders with stalled prices and low visibility.   A rare disruption hit global markets when a technical problem forced the Chicago-based CME Group to halt trading across large parts of its futures and options markets.  The stoppage lasted several hours and created uncertainty across Asia, Europe and the United States. Traders depend on these prices to guide decisions, so the outage left many without the data they needed. CME Outage Stops Key Markets The interruption started early during Asian trading. Prices across major futures contracts suddenly froze, and this included contracts tied to crude oil, US Treasuries, the S&P 500, the Nasdaq 100, the Nikkei, gold and palm oil.  Many brokers had to pull products because quotes were unavailable or outdated. A man, Christopher Forbes, at CMC Markets, told Reuters that he had never seen an outage spread across so many products.  Due to a cooling issue at CyrusOne data centers, our markets are currently halted. Support is working to resolve the issue in the near term and will advise clients of Pre-Open details as soon as they are available. — CME Group (@CMEGroup) November 28, 2025 His firm removed several commodity contracts from its platform. Staff tried to calculate prices using internal data, but they knew the risk increased without live feeds.  Other brokers across Europe made similar moves and paused trading in certain futures. Cooling Failure at CyrusOne Facility CME said the trigger came from a cooling issue at a CyrusOne data center near Chicago.  The CHI1 facility lost several chillers after a failure in the plant that cools servers. Engineers and outside contractors worked onsite to restore temperature controls and CyrusOne restarted some units at limited capacity. It then installed…

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Filed under: News - @ November 28, 2025 6:26 pm