The floor of the Chicago Mercantile Exchange (CME)/New York Mercantile Exchange (Nymex) in New York City. CME Group is the world’s largest and most diverse derivatives exchange.
David S. Holloway | Getty Images
Trading came to a standstill on the Chicago Mercantile Exchange on Friday following a cooling issue at one of its data centers.
“Due to a cooling issue at CyrusOne data centers, our markets are currently halted,” a spokesperson for the CME said in an emailed statement in the early hours of Friday.
“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.”
The organization said it may take some time for moves in the impacted contracts to be seen once the outage is resolved.
Globex futures and options markets, foreign exchange platform EBS markets and BMD markets were all impacted, the CME added.
By 2:30 a.m. ET, futures prices for WTI crude, U.S. 10-year Treasurys and the S&P 500 were among those that had not been updated, LSEG data showed.
The CME — the largest exchange operator in the world by market value — trades futures and options across various asset classes, including agricultural commodities, energy, metals and equities.
A spokesperson for Dallas, Texas-headquartered CyrusOne was not immediately available for comment.
It’s not the first time the CME has had to shut down electronic trade. Back in 2014, technical issues shut down some trading on the CME’s Globex electronic system, impacting agricultural contracts.
Last year, trading of quities, bonds and exchange-traded funds was also temporarily halted in Switzerland after stock exchange SIX had problems disseminating data.