Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
CME Data Center Outage Affects Trillion-Dollar Contracts
BlockBeats News, November 28th, CME Group's futures and options trading was halted due to a data center outage, impacting a market involving trillions of dollars' worth of contracts, including S&P 500 index futures, U.S. Treasuries, crude oil, gasoline, and palm oil. The forex platform EBS resumed service at noon London time after being down for several hours.
In Singapore, an oil trader remarked that CME is a key part of the global market mechanism. Gerald Gan, Deputy CIO of Singapore's Reed Capital Partners, described the outage as "very frustrating," noting that alternative platforms may not have as much liquidity as CME. Amelie Derambure, a portfolio manager at Amundi SA, remarked that luckily Friday was a quiet trading day; otherwise, it would have been a "quite significant obstacle."
The outage occurred on the day after Thanksgiving, a half-day trading session in the U.S. Emmanuel Valavanis, a stock sales specialist at Forte Securities in London, stated that it's terrible for this to happen on the last trading day of the month and year-end, impacting trillions of dollars in transactions. This outage has surpassed the hours-long outage in 2019 caused by a technical glitch. (Bloomberg)
You may also like
Tether signs contracts with four major audits, Circle's compliance moat collapses, stock price plummets by 20%
Proudly Introducing Aethir Claw: Your AI Agent, Our Infrastructure
Why Buying Gold Can Lead to Bankruptcy
If the US Treasury yield rises above 5%, will Bitcoin drop below $50,000?
Circle Plunges 20%: Crypto Earthquake Triggered by Draft Proposal
After the Smoke Clears: 5 Possible Endings to the Middle East Conflict
Stablecoin Yields Discontinued, Circle Plunges 20% in One Day
AI Wired into War Machine | Rewire News Nightly
Web3 is sick, but the cure is not AI
Why must Web3 projects be included in RootData?
Fluid Announces Updates on Resolv Hack Recovery and Compensation Plan
Key Takeaways Fluid has repaid approximately $70 million related to USR debts on the BNB and Plasma chains.…
Binance to Delist Key Spot Trading Pairs: What You Need to Know
Key Takeaways Binance is set to remove several spot trading pairs on March 27, 2026, at 11:00 AM…
Whale Activities in the Crypto Market: A Deep Dive into Recent Trends
Key Takeaways A significant whale deposit occurred 3 hours ago when 5.5 million USDT was moved to Binance…
Circle and Tether Freeze Iranian Exchange Wallex Wallet with $2.49M Assets on Hold
Key Takeaways Circle and Tether have frozen a significant amount of assets from an Iranian exchange called Wallex,…
James Wynn Engages in High-Leverage Bitcoin Short Position
Key Takeaways James Wynn recently opened a 40x leveraged short position on Bitcoin. His position involves 2.69 BTC,…
Major Whale Opens Significant 20x Leveraged Positions in ETH and BTC
Key Takeaways Whale 0x049b has executed large 20x leverage positions on 9,256 ETH and 282.47 BTC, totaling over…
New Whale Activity: 33,998 ETH Withdrawn from Kraken
Key Takeaways A new Ethereum whale with the address starting 0xD77 has withdrawn 33,998 ETH from Kraken. The…
Bernstein’s Insight: Bitcoin’s Potential Trajectory Toward $150,000 by End of 2026
Key Takeaways Bernstein predicts Bitcoin could rise to $150,000 by the end of 2026. The market is shifting…
App