Trading Thrown into Turmoil: CME Group Outage Halts Markets

The global futures markets experienced chaos for hours following a significant outage at CME Group, the largest exchange operator. Trading in stocks, bonds, commodities, and currencies was halted due to a cooling failure at CyrusOne's data center. The disruption highlighted concerns about market reliability.

Global futures markets faced significant disruption on Friday, as CME Group, the world's largest exchange, experienced one of its most prolonged outages in recent years.

Trading in major financial products, including stocks, bonds, commodities, and currencies, was suspended for over 11 hours, due to a cooling failure at CyrusOne's data center. The issue primarily affected services in the Chicago area.

This incident underscores the interdependence of financial markets and raises questions about the reliability of crucial trading infrastructure. Broader concerns about potential risks and reliability persist among market participants.

(With inputs from agencies.)