CME Restarts Most Trading Operations After Outage

Core Insights - The CME has resumed trading after a significant outage caused by a cooling issue, potentially exacerbated by low staffing levels during the Thanksgiving holiday [1][2][4] - Market participants reacted differently, with some taking advantage of price discrepancies while others paused trading due to risk concerns [2][3] - The outage led to a widening of spreads in Europe, although the deep liquidity pools prevented a severe market impact [3][4] Group 1 - The outage at the CME was attributed to a cooling issue, with speculation about low staffing levels during the holiday period [1][2] - Traders expressed mixed reactions, with some looking to exploit price differences while others opted to refrain from trading due to heightened risks [2][3] - Despite the outage, there was no significant contagion effect in the market, with US futures showing slight increases and Treasuries remaining steady [4]