CME Group Halts Trading, Cites Cooling System Failure at Data Centres

Core Insights - CME Group has temporarily halted trading on its Globex platform due to a cooling issue at CyrusOne data centers, affecting a wide range of contracts including stocks and cryptocurrencies [1][2]. Group 1: Trading Impact - The outage has impacted all futures and options contracts on the Globex platform, including major currency pairs, crude oil, and palm oil contracts [2][4]. - Traders have expressed frustration, describing the situation as a "nightmare," with some requesting the cancellation of losses from stuck trades [3][4]. Group 2: Market Conditions - The trading halt occurred during a period of low liquidity in Asia, exacerbated by the U.S. Thanksgiving holiday, which has made market conditions more challenging [5]. - Bitcoin has seen a slight decrease of 0.55% to $90,896, despite an 8.32% weekly gain, influenced by a $13.4 billion BTC options expiry squeeze [6].