According to BlockTempo, the Chicago Mercantile Exchange (CME) experienced a major data center outage on November 28, causing its Globex electronic trading platform to shut down for over 10 hours. The incident impacted trillions of dollars in contracts across forex, commodities, indices, and even cryptocurrencies. The outage was caused by a cooling system failure at third-party provider CyrusOne, leading to server overheating. Analysts warned that the disruption could cause significant volatility in U.S. stock market open due to the accumulation of unfilled orders.
CME Data Center Outage Affects Trillions in Contracts, Analysts Warn of Volatility
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