据《华尔街日报》报道，暂不清楚芝商所为何未启用纽约地区的备用数据中心。一些知情人士推断，可 能原因是在芝商所报价的大型交易商在备用数据中心的技术基础设施不足，因而更愿意等待奥罗拉的故 障结束。 据芝商所公布数据，其日均处理与1.5万亿美元标的股指相关的期货和期权交易，以及名义金额9.6万亿 美元的利率相关投机交易。10月的日均衍生品交易合同达2630万份。 新华财经北京11月29日电（海洋） 当地时间27日晚至28日晨，美国芝加哥商品交易所集团使用的一处 关键数据中心因过热而暂停服务超过10小时，导致美国股指期货和期权交易一度中断。一些媒体报道 称，这凸显数字经济时代市场交易平台过度集中存在风险。 英国伦敦证券交易所集团数据显示，截至格林尼治时间28日13时35分，芝商所中断逾10小时的交易恢 复。美国《华尔街日报》称，芝商所的债券与货币交易平台同样受到影响，马来西亚吉隆坡的证券交易 商一度中断衍生品交易。 据报道，这一关键数据中心位于芝加哥西部郊区奥罗拉，数据中心出现冷气设备故障后温度升至近49摄 氏度，超过美国行业规定的最高温度约48%，因而导致服务中断。 数据中心由总部位于美国得克萨斯州达拉斯的"赛勒斯 ...

美国感恩节假期，市场本就交投清淡，交易中断进一步放大了价格波动，并一度导致贵金属买卖价差飙升。市场普遍认为，当前贵金属市场正处 于一个由供应短缺、宏观前景改善和潜在贸易政策共同构成的"完美风暴"之中。 在强劲的基本面与美联储降息预期的推动下，白银和铜价在周五的动荡交易中双双飙升至历史新高，而芝商所罕见的技术故障加剧了市场的剧 烈波动。 与黄金不同，白银有很大一部分需求来自工业领域，例如光伏电池和电子产品。这种强劲的实物需求为价格提供了坚实基础。 上个月伦敦市场严重的供应紧张曾一度将价格推至历史高位，尽管此后近5400万盎司的白银流入缓解了挤压，但市场依然显著吃紧，白银的一 个月借贷成本仍盘旋在正常水平之上。 分析认为，这些流入伦敦的金属，反过来给包括中国在内的其他交易中心带来了压力。 上海期货交易所的数据显示，其仓库的白银库存近期已 降至2015年以来的最低水平。 周五，芝商所因数据中心冷却系统故障，导致其全球衍生品市场交易中断数小时。 美国感恩节假期，市场本就交投清淡，交易中断进一步放大 了价格波动，并一度导致贵金属买卖价差飙升。 随着芝商所多数交易业务在美东时间清晨恢复，伦敦金属交易所的期货延续涨势。 白 ...

作者 | 第一财经 樊志菁 当地时间周四，芝加哥商品交易所集团（CME）遭遇系统故障，导致全球外汇、大宗商品及股票期货 交易陷入停滞，投资者和经纪商"无从下手"。这也是芝商所时隔11年再次发生重大故障，与上次仅涉及 农产品合约不同，这一次影响范围更大。 与此同时，白银在交易恢复后快速拉升创历史新高，让"拉网线"的市场传言愈演愈烈，该兼具工业和金 融属性的贵金属行情未来怎么走无疑将成为年末金融市场的一大焦点。 感恩节停摆 期货是金融市场的核心工具，交易商、投机者及企业可通过期货对各类基础资产进行对冲或持仓操作。 芝商所本月早些时候的数据显示，10月衍生品日均交易量达2630万份合约。芝商所提供涵盖多领域的期 货及期货期权产品，具体包括大宗商品、利率、股票指数、外汇和加密货币。 一则市场猜测 作为全球规模最大的交易所运营商，芝商所于美国东部时间周四晚上9点40分首次在其官网发布系统故 障通知。此次故障由赛勒斯万（CyrusOne）芝加哥地区CHI1数据中心的冷却系统问题引发。此次故障 让经纪商陷入困境，盛宝银行（Saxo Bank）、XTB 及 eToro 等均通过官网或声明表示，已暂停美国各 类指数、国债及大宗 ...

数据中心由总部位于美国得克萨斯州达拉斯的"赛勒斯万"公司运营。该公司为暂停服务致歉，称"一冷 水机组故障影响多个冷却装置"，已派遣工程师连夜抢修并启动临时冷却设备。 据《华尔街日报》报道，暂不清楚芝商所为何未启用纽约地区的备用数据中心。一些知情人士推断，可 能原因是在芝商所报价的大型交易商在备用数据中心的技术基础设施不足，因而更愿意等待奥罗拉的故 障结束。 据芝商所公布数据，其日均处理与1.5万亿美元标的股指相关的期货和期权交易，以及名义金额9.6万亿 美元的利率相关投机交易。10月的日均衍生品交易合同达2630万份。 美国乔治敦大学金融学教授詹姆斯·安杰尔说，芝商所成为"单点故障"，即一旦发生故障，可能让整个 系统无法运转。巴西贴现银行BBI投资银行股票策略主管本·莱德勒说，此次事件可能是对市场结构重要 性及相互关联性的"一次迟来提醒"。（完）（新华社专特稿） 海洋 当地时间27日晚至28日晨，美国芝加哥商品交易所集团使用的一处关键数据中心因过热而暂停服务超过 10小时，导致美国股指期货和期权交易一度中断。一些媒体报道称，这凸显数字经济时代市场交易平台 过度集中存在风险。 英国伦敦证券交易所集团数据显示，截 ...

此次中断持续时间是2019年因技术错误引发的类似中断的三倍，凸显了CME集团及其Globex电子交易 平台的影响力。 美国东部时间11月28日上午8点30分左右，芝加哥商品交易所（CME）及时恢复了交易运营。此前CME 出现了技术故障，导致亚洲和欧洲多个金融市场交易受限约10小时。 据悉，交易所的Globex期货与期权市场于上午8点30分开盘，该市场负责期货、期权和商品交易，占 CME集团成交量的90%。但是，许多市场的交易量依然偏低，有交易者指出，国债期货和与担保隔夜融 资利率挂钩的期权交易出现延迟。 据第一财经了解，高盛交易员在交易笔记中提及，由于CME出现技术故障，市场一度担心月末操作会 受到影响，所幸美东时间上午8点30分国债期货最终顺利开盘。本月的再平衡（rebalance）原本预期将 带来约60亿美元流入股票，但实际股市走势依然稳健。 此外，彭博全球利率预测（WIRP）数据，隔夜指数掉期（OIS）与欧元美元期货（Eurodollar futures） 对12月降息的计价出现明显偏离，分别显示-88%和-83%的概率，与往常相比差异较大。 "不过我们交易部门并未观察到对应的真实交易流向，因此原因尚不 ...

Core Points - CME Group, the world's largest exchange operator, announced a trading halt due to a cooling system failure at its CyrusOne data center [1][4] - The technical support team is working to resolve the issue and will provide updates to clients regarding trading resumption [1] - The incident affected multiple trading platforms, including the EBS forex platform, leading to a temporary halt in major currency pair quotes [4] Company Impact - CME Group's system stability is crucial for global financial markets, and this incident highlights the potential disruptions caused by technical failures [4] - This is not the first time CME Group has faced trading interruptions due to technical issues, with previous incidents occurring in 2014 and 2019 [4] - The current outage has lasted longer than the 2019 incident, indicating a significant operational challenge for the company [4] Market Response - After several hours of interruption, CME Group announced that the Globex futures and options market would resume trading at 8:30 AM Eastern Time [4] - The trading halt may cause significant inconvenience for traders needing to adjust positions across different contract months [4]

Core Viewpoint - Silver and copper prices surged to historical highs driven by strong fundamentals and expectations of interest rate cuts by the Federal Reserve, exacerbated by a rare technical failure at the CME Group that intensified market volatility [1][10]. Group 1: Silver Market Dynamics - Silver prices rose by 5.9% to $56.53 per ounce, setting a new record, while supply concerns intensified due to a significant shortage in the market [2][4]. - Industrial demand for silver, particularly from sectors like photovoltaics and electronics, has provided a solid foundation for price increases, despite a recent influx of 54 million ounces easing some supply pressure [5][6]. - Concerns over potential tariffs on silver, following its inclusion in the US Geological Survey's critical minerals list, have led to hesitance among traders regarding exporting the metal [6]. Group 2: Copper Market Sentiment - Copper prices reached new highs, with LME copper futures hitting $11,210.50 per ton, following discussions among miners, smelters, and traders at a Shanghai conference that highlighted tightening market conditions [2][7]. - The energy trading firm Mercuria's metal chief expressed bullish predictions, warning that increased shipments to the US could deplete global copper inventories [8]. - The price surge was also a response to optimistic sentiments from the CESCO Shanghai conference, contributing to a broader bullish narrative for the year-end [9]. Group 3: Macro Economic Influences - The anticipated monetary easing by the Federal Reserve has been a significant driver for metal prices, with an 86.4% probability of a 25 basis point rate cut expected at the December 10 meeting [10]. - The broader surge in metal prices this year reflects a trend known as "inflation trade," with silver prices increasing over 90% as investors shift from government bonds and currencies to alternative assets [12].

Group 1 - The Chicago Mercantile Exchange (CME) experienced a significant system failure, halting trading across global forex, commodities, and stock futures markets for nearly 11 hours, marking the longest outage in recent years [2][4] - The outage was caused by a cooling system issue at the CyrusOne data center in Chicago, affecting major brokers like Saxo Bank, XTB, and eToro, which suspended trading services [3][4] - Following the resumption of trading, silver prices surged to a historic high, raising speculation about the potential impact on the market, particularly regarding the dual industrial and financial nature of silver [2][6] Group 2 - CME's average daily trading volume for derivatives reached 26.3 million contracts in October, highlighting the exchange's significant role in the financial market [5] - The interruption in futures trading led to increased speculation among silver investors, particularly as the outage coincided with silver futures reaching over $54 per ounce shortly before the failure [6][8] - The silver market is currently under pressure due to low inventory levels, with Shanghai Futures Exchange silver stocks dropping to their lowest since 2015, and record-high exports from China exacerbating supply concerns [9][11] Group 3 - The market's reaction to the outage included a dramatic widening of bid-ask spreads, indicating extreme volatility and liquidity issues, with spreads increasing from around $1 to over $20 per ounce [6][7] - The potential for significant market movements remains, as the silver market is influenced by both industrial demand and geopolitical factors, including concerns over potential tariffs from the U.S. government [11][12] - Historical context shows that trading outages are not uncommon in major exchanges, with several incidents in recent years affecting trading operations and investor confidence [13]

Core Insights - CME Group experienced a significant disruption in trading due to a cooling system failure at a third-party data center, affecting multiple core derivative markets including forex, commodities, treasury, and equity index futures [1][3] - The trading was restored later that evening, with all markets reopening and functioning normally [6] Technical Issues - The failure was attributed to a problem with the cooling system at the CyrusOne data center, prompting CME Group's technical support to work on a resolution [3] - Similar outages have occurred at other major exchanges, highlighting a commonality in such technical failures across the industry [8] Market Impact - The incident occurred during a low liquidity period following the Thanksgiving holiday in the U.S., raising concerns about potential price volatility upon market reopening [10] - Traders expressed fears that accumulated orders and market sentiment could lead to a liquidity vacuum and extreme market conditions once trading resumed [10] Risk Management - Experts suggest that this incident serves as a reminder for investors to enhance their risk awareness and diversify their trading strategies to mitigate potential losses during system failures [11] - Recommendations include employing cross-market hedging strategies as a form of passive risk management during such outages [10][11] Industry Reflection - The event is seen as a stress test for the resilience of the financial market's technological infrastructure, emphasizing the need for high operational resilience in supporting trading activities [11] - The incident has prompted a reevaluation of the risks associated with over-reliance on single exchanges and the use of leverage in derivative trading [11]

Core Points - Trading across the majority of the Chicago Mercantile Exchange (CME) markets was halted due to a cooling issue at a partner's data center [1][3] - The issue was resolved by around 8:20 a.m. ET, with trading resuming at 7:30 a.m. local time for futures and options [2][3] - The halt had the potential to cause substantial issues across global financial markets, given CME's status as the world's largest exchange operator by market value [2] Summary by Sections Trading Halt - A cooling problem at CyrusOne data centers led to a halt in trading across many CME markets [1][3] - The halt occurred on a Friday, which is typically a thinner trading day due to the holiday season [3] Resolution and Impact - By 8:20 a.m. ET, CME announced that markets were open and trading had resumed [2] - The resumption of trading could lead to greater volatility during the shortened session due to thinner holiday trading conditions [3]