Global Futures Reopen After CME Suffers Data Center Cooling Failure

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The world’s largest exchange operator by market value, CME Group, suffered a major technical failure that brought global derivatives trading to a standstill for several hours on Friday.

The disruption, which CME confirmed in a series of posts on X, was a “cooling issue at CyrusOne data centers,” affecting a wide range of futures contracts, from major stock indices and currencies to energy and metals.

The problem originated at the CyrusOne CHI1 data center facility in the Chicago area. CyrusOne, the Dallas-headquartered firm that operates the facility, revealed the technical breakdown in an email to CNBC, stating, “On November 27, our CHI1 facility experienced a chiller plant failure affecting multiple ...