CME Trading Halt Sparks Volatility Fears After Data Center Failure
A cooling system failure at a CyrusOne data center forced CME Group to suspend all futures, options, and EBS FX trading globally during Asia hours. The outage froze benchmarks including crude oil, gold, Treasuries, and S&P 500 futures—triggering liquidity concerns amid thin post-Thanksgiving volumes.
Analysts warn of catch-up volatility as traders brace for delayed price discovery. The disruption highlights systemic risks in centralized infrastructure as CME scrambles to restore systems ahead of Monday’s open.