CME Group halts futures trading as cooling system breaks down
The post CME Group halts futures trading as cooling system breaks down appeared on BitcoinEthereumNews.com.
The platform suspends trading across futures and FTX instruments. That followed a cooling issue at a CyrusOne data center. The disruption comes days after CME celebrated a record day for its crypto complex. The Chicago Mercantile Exchange executed an unexpected trading pause on Friday after a CyrusOne data center overheated, sending major services and platforms offline. Today’s official X post confirmed: Due to a cooling issue at CyrusOne data centers, our markets are currently halted. A routine market session turned into chaos as futures linked to currencies, stock indices, Treasuries, and commodities stopped updating, suspending live price feeds, leaving traders without reliable prices as brokers lacked the data to quote markets. Notably, the initial alert surfaced on CME’s platform at 02:40 GMT, notifying users of the outages in multiple platforms. Meanwhile, leading contracts, including Nikkei, S&P 500, and Nasdaq 100, failed to update for several hours as of early Asian sessions. Also, the currency side experienced issues as CME’s EBS platform stalled, with key pairs such as USD/JPY and EUR/USD offline. The incident has grabbed the crypto community’s attention as it comes days after the Chicago Mercantile Exchange announced that its Cryptocurrency options and futures suite hit new ATHs in daily volume. Brokers stranded as price feeds stop The event left brokers navigating the markets without vital features as live pricing went offline. Some suspended trading activities, while others switched to internal models or backup sources. CME’s head of Middle East and Asia, Christopher Forbes, said that he has never seen such an incident in two decades, calling it “a pain in the arse.” For now, the platform is working to maintain stable pricing using alternative feeds, which can lead to mispricing amid volatile conditions. Forbes stated: We are now taking a lot of unnecessary risks here to continue pricing.…
Filed under: News - @ November 28, 2025 10:28 am