CME Group has suspended trading in several asset classes due to a major outage.
Summary
- CME Group has halted trading due to a cooling problem in one of its data centers.
- The outage has affected major market indices and major currency pairs on EBS.
CME Group, the world’s largest derivatives marketplace, has halted trading operations after a cooling issue at its CyrusOne data centers disrupted its systems.
“Due to a cooling issue at CyrusOne data centers, our markets are currently halted. Support is working to resolve the issue in the short term and will inform customers of Pre-Open details as they become available,” CME Group said in a statement statement to Reuters.
For context, CyrusOne is headquartered in Dallas and operates more than 55 data centers in the US, Europe and Japan. The outage led to a complete shutdown of the futures, options and currency markets operating on Globex.
According to data from LSEG, futures prices for major market indexes, including the 10-year U.S. Treasury note, the S&P 500 and the Nasdaq 100, have not been renewed since the outage. Prices for traditional commodities, including gold and oil, also remained outdated as of 07:20 GMT.
The CME Group outage also affected the EBS currency platform, a widely used platform that saw billions in daily trading volumes in major pairs such as euro/dollar and dollar/yen in October.
Spot forex traders were among the few who could find other locations to execute deals. However, the outage left brokers without access to current prices, making it difficult for many to complete trades.
“It’s been a very slow day here in Asia after the Thanksgiving holiday and this hasn’t helped at all, especially as there is interest in executing trades at the end of what has been a volatile month,” one of the affected traders told Reuters.
Today’s outage followed a strong month for crypto futures, as CME recorded a sharp increase in activity in digital asset contracts, with average daily volume rising to a record 26.3 million contracts in October.
While trading activity has since declined due to a broader downturn in the crypto market, CME has continued to expand its crypto offering, most recently introduce two new spot-listed futures contracts for XRP and Solana, going live next month.
As previously reported by crypto.news, CME Group also plans to launch 24-hour crypto futures and options starting in 2026.
