Worldwide markets roiled by data-center snafu in Chicago suburb
NegativeFinancial Markets

- A significant outage at the Chicago Mercantile Exchange (CME) caused by an overheated data center disrupted trading for over 10 hours, affecting vast parts of the global financial system. Despite assurances from CME that the issue would be resolved quickly, the incident raised alarms about the reliability of critical trading infrastructure.
- This outage is particularly concerning for CME, as it handles an estimated $25 quadrillion in transactions annually. The disruption not only halted trading in equities, bonds, and commodities but also left traders worldwide unable to execute trades, highlighting vulnerabilities in the financial ecosystem.
- The incident underscores ongoing concerns regarding the stability of financial markets, especially in light of recent declines in business activity in the Chicago area. As trading resumed, market reactions varied, with some indices showing resilience while others reflected broader economic uncertainties, indicating a complex interplay between technological reliability and market performance.
— via World Pulse Now AI Editorial System






