US government, SEC Crypto. Photo by BeInCrypto The Commodity Futures Trading Commission (CFTC) is quietly laying the plumbing for a market structure where US Treasuries and cryptocurrencies could eventually live side-by-side. On December 12, the CFTC approved an expansion of cross-margining for US Treasuries. How CFTC's New Order Impacts Crypto This change allows certain customers, not just clearing members, to offset margin requirements between Treasury futures cleared at CME Group. CME Group is one of ...

Core Insights - The CME Group experienced a significant outage due to a cooling system failure at its data center operated by CyrusOne, leading to a 10-hour disruption in trading across global markets [1][4][5] - CyrusOne has since restored operations and enhanced cooling capacity to prevent future incidents, indicating a focus on improving infrastructure reliability [2][6] Group 1: Incident Overview - The outage occurred on Friday, affecting trading in various markets including gold, oil, and interest rates, with disruptions felt from Tokyo to London [5][6] - Temperatures at the data center exceeded 100°F (38°C) during the incident, despite existing redundancy measures [7] Group 2: Operational Response - Futures trading resumed normally on Sunday evening, with minor fluctuations in contracts, indicating a return to stability [3] - CME's decision not to switch to a backup facility during the outage was based on initial assessments suggesting a brief disruption [4] Group 3: Market Implications - The incident highlighted vulnerabilities in global markets that depend on a few dominant exchanges, raising concerns about CME's contingency plans and reliance on the data center sold to CyrusOne in 2016 [6][9] - The Commodity Futures Trading Commission is monitoring the situation, reflecting regulatory awareness of the incident's impact on market stability [9]

Core Insights - An outage at CME Group, the world's largest exchange operator, disrupted trading on its currency platform and affected futures across various sectors including foreign exchange, commodities, Treasuries, and stocks [1] Company Impact - The outage halted trading activities on CME Group's popular currency platform, indicating a significant operational disruption [1] - The incident highlights the vulnerability of trading platforms to technical failures, which can have widespread implications across multiple asset classes [1] Industry Implications - The disruption at CME Group raises concerns about the reliability of major trading platforms in the financial markets [1] - Such outages can lead to increased volatility and uncertainty in the markets, affecting investor confidence and trading strategies [1]