期货与期权交易
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数据中心过热致芝商所中断交易超10小时
Xin Hua She· 2025-11-29 11:34
新华社北京11月29日电 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 ...
芝商所交易系统大瘫痪背后:私募热潮下被外包的金融核心基础设施
Hua Er Jie Jian Wen· 2025-11-28 21:12
Core Insights - The cooling system failure at CyrusOne's data center in Aurora, Illinois, led to significant disruptions in trading activities at the Chicago Mercantile Exchange (CME), highlighting vulnerabilities in critical financial market infrastructure [1][2] - The CME had previously outsourced the operation of this data center to CyrusOne after selling it in 2016, which raises concerns about the risks associated with outsourcing essential operations [3][4] - The incident has drawn attention to the role of private equity firms in the data center sector, particularly following the acquisition of CyrusOne for approximately $11.4 billion by KKR & Co. and Global Infrastructure Partners [5][6] Group 1: Data Center Operations - The Aurora data center, established by CME in 2009, has become a crucial hub for electronic trading, processing a nominal trading volume of at least $25 trillion daily [1][2] - High-frequency traders have invested heavily in proximity to this data center to minimize trading delays, indicating its strategic importance in the financial ecosystem [2] Group 2: Outsourcing and Risks - CME's decision to sell the data center and lease it back for 15 years reflects a broader trend of outsourcing critical infrastructure, which can introduce operational risks [3][4] - CyrusOne's business model focuses on securing large clients like CME, emphasizing its reputation as a significant player in the data center industry [4] Group 3: Design and Operational Concerns - The cooling system failure has raised questions about the design and redundancy measures in place at the data center, as it was expected to have additional cooling units to prevent such failures [6][7] - Despite having a disaster recovery plan that included a backup data center in New York, CME opted to restart operations in Aurora based on the belief that the cooling issue would be resolved quickly [7] Group 4: Market Dynamics - The surge in demand for data centers, driven by trends like artificial intelligence, has attracted private equity interest, as seen in the acquisition of CyrusOne [5][6] - The incident underscores the critical nature of data centers in global trading and the potential implications of operational failures on market stability [1][2]
CME Options, Futures Trading Halted Amid Data-Center Issue
WSJ· 2025-11-28 06:44
Core Points - Trading of futures and options on the Chicago Mercantile Exchange was halted due to a data-center problem [1] Group 1 - The halt in trading occurred on a Friday, indicating a significant disruption in market operations [1]
LME公布期权市场发展路线图
Qi Huo Ri Bao Wang· 2025-10-12 18:14
Core Insights - The London Metal Exchange (LME) has released a roadmap for the development of its options market, aiming to modernize through a new trading platform and market feedback [1][2] - Key optimization measures include automated expiration processes, European-style options, electronic trading, and liquidity support mechanisms, with the first set of optimizations expected to launch in the second half of 2026 [1][2] Group 1: Optimization Measures - Automated expiration processes will reduce operational risks and improve efficiency, aligning with global best practices [1] - Transitioning from American-style to European-style options will simplify processes and lower operational complexity, making it easier for global participants to adopt [1][2] - The development of an electronic options market is strongly supported by market feedback, which will enhance transparency and attract institutional and algorithmic traders [2] Group 2: Liquidity Support and Platform Development - A liquidity support mechanism is essential for a successful electronic options market, including batch quoting, market maker protection, and liquidity incentive programs [2] - The new trading platform (LMEselect v10) is set to launch in Q1 2025, featuring low latency and scalability to support complex functions of the electronic options market [2] Group 3: Future Considerations - LME is evaluating potential structural reforms in other market areas, such as large trade thresholds, LIS (Large In Scale) delay logic, RFQ (Request for Quote) functionality, and short-term options contracts [3]